yes - probably Fidelity and brown can find some way to make money on a 24 hour float. . .BTW STK picker - great picture on your page of the tanker in a storm!. . .BTW Part II . . .oil close up .89 at NYMEX. . .has now consolidated above $50 for over two weeks.
<< BTW STK picker - great picture on your page of the tanker in a storm!. . .BTW Part II . . .oil close up .89 at NYMEX. . .has now consolidated above $50 for over two weeks >>
Hello Vickers : Yeah I like that picture in my profile too. LOL - better then a pic of me...!
On a more serious note... Crude pricing on the NYMEX now at $54+/bbl as you pointed out. Report today from the EIA about demand from China not abating ! I think we are forming a base and are unlikely to drop below $45/bbl in the next year. The upside on the other hand is harder to gauge. EXM recovered ALL of yesterdays drop ! I hope I get a chance to buy more VLCCF - the next qtr may not be very strong and that may give some of us a chance to buy in - then in the second half of 2005 and beyond we should enjoy strong WS-rates based on limited VLCC capacity and thsi should translate into excellent divvys. Time will tell !
Just one mans opinion. Weekend time...I think I will take my family out to a Japanese steak house for dinner and let Knightsbridge divvy pay the check --- sweet !