I don't know either but I hope it's not about the dividend. I would not be surprised if they lower it. It could be that insiders told some friends and relatives that it's going to be cut. They should be announcing it by the end of the month. I hope I'm wrong. Or it could be that shorts are anticipating a dividend cut.
there is zero reason for them to lower the dividend. The board just RAISED it a few months ago. They wouldn't have raised it in this terrible environment unless they had good visibility. Look at the Q3 presentation. Plenty of cash with more coming in from profit sharing in Q4 and beyond. Even if VLCC rates drop to $30,000 they can still get a bit of profit share and they have more ships coming on line in 2009. Their average time charter is 13.7 years with good counterparties. Buy