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  • uncle_miami_danny uncle_miami_danny Nov 2, 2006 8:29 PM Flag

    Rates been weak this QTR.

    I would be concerned by the rapidly falling tanker rates going forward. Check out clean product rates are half what they were in August. Same for VLCC,SUEZ and AFRAS. think os has vl and afra. clean product rates are alarming. also goin forward the Stelmar profits will be YoY next qtr. Also the fact that recantis sold almost every day since the buyback was announced. not sure thier will be opportunity to go long here. seems like debt load will become an issue with the maritrans acquiition.coupled with opecs cutbck...