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DryShips, Inc. Message Board

  • gh0613 gh0613 Jan 13, 2014 10:18 PM Flag

    Tanker rate up a lot

    Tanker spot rate has been up a lot since Jan. how will this impact DRYS?

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    • The Suezmax and Aframax spot rate is around 75000 usd/d at 10 januar.
      See Teekay tanker latest spot raport 10 Januar.

    • I've been reading on this board, where they been saying rates are up to like $70K- $80K per day? What I do know: Drys reported $14.5K per day TCE for their 10 for 3rd qtr.. If tanker rates spiked up and down like bulkers have.. May have very little impact on Drys? Now.. This may have changed.. A yr or so back GE was talking about pulling Drys tankers out of the pools they were in... But my understanding.. Those tankers are put into pools with lots of other tankers... And they all split profits..."" BDI + STOCK PRICE "" Compare chart on BDI of when it went up and down.. And compare it to stock chart... This stk goes up and down with BDI.. So Right now... The way BDI has dropped.. Stk price, has got quite a bit to fall, to catch up??? And the fact.. GE is diluting this stk.. That sure ain't helping...

      • 1 Reply to jrmills0014
      • Lot of idiots on this board.. Trade on trend lines on stk. Gaps to fill and so on.. One told me.. You need to know how mkt works, vs knowing about stk.. You know what they can do, with all their trading practices.. When BDI has tanked like it has since DEC 24th.. And GE is selling.. They can stick all that! Up their rectum!! The first round of this ATM.. It took them 2 mths to sell $24M worth.. So how long? is it going to take them to sell the other $176M worth??? And it seems to me.. Broker is selling less volumes per day this round, than first round?? To keep it from falling too fast... Just slipping, it slowly, to the trend line and gap traders!! In 2011, GE sold about 80M shrs into mkt.. It took about all Yr.. In 2011.. It dropped from $6. to $2. This was actually first time.. We've seen it over $4. since then.... And in 2011, Drys had revenues of over $1B, as they still owned Orig.. Drys no longer owns Orig!! They own about 50% of Orig stk.. Revenues for 2013 about $300M!! And Losing money.. I can understand GE selling stk.. Where does the idiots buying it come from???

    • DRYS has 10 tankers on spot rates

0.5701-0.0311(-5.17%)4:00 PMEDT