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Ship Finance International Limited Message Board

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  • canucanoe1 canucanoe1 Jan 28, 2012 1:58 PM Flag

    Given the current share price, this is an extreme positive for SFL

    keebon...

    We in the West need to stop thinking we are all powerful. Sure, we have incredible WWII style fighting assets.

    But warfare has moved on.

    The individual and small fighting units are now so empowered and powerful.

    Knocking out Iranian Navy and Air Force assets will be easy.

    Missiles and speedboats won't be.

    It will be interesting to see who will pay for tankers sitting, loaded or unloaded. I'm sure there are all types of new contracts being written to anticipate this.

    It will be interesting to see which nation's economies tank on $150+/barrel oil, even given that they can receive it.

    And it will also be interesting to see what oil nations can boost oil production and bring it to port to make up for Iran. We live in a global market - for now, we can conjecture about political initiatives. But when politics turns to policy later this year, we'll see if it can be implemented without severe impact and fallout.

    But this is all really just wallpaper to cover up that SFL is ever more leveraged to tanker rates and not conservative finance arrangements. That is either a gift or curse from JF - for it didn't need to be. SFL could have taken control of FROs assets and benefitted its shareholders. Instead, SFL independent shareholders have more risked parked with them.

 
SFL
17.50+0.13(+0.75%)Apr 17 4:00 PMEDT

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