Wow. A drive by basher with no grasp on the facts. Imagine. BDI indeed. These are tankers, son, not drybulkers. The "D" means DRY.
But, he did swear that he would never stop. Sad life of a petty individual that can't take criticism and acts up like a child. Carry on, crazy one.
and clogging up the board is the same guy who uses sleepingoneoff. I argued with him on the EGLE board and said that company would go under a couple of years ago and he swore vengeance and stated he would never stop, NEVER and vowed to spend hours a day trying to belittle me. LOL! What a sad existence.
Some say tankers are reversely correlated now to the price of oil since contango storage has been the driver for the shares in the past month or so. If oil goes up, the contango storage will evaporate, so to speak, freeing up a bunch of VLCCs to trade on spot, easing the pressure on rates for the smaller classes. Now, if oil's recent 20% rise turns out to be just traders covering due to the Libyan violence and the excitement of the falling rig count and they both turn out to not have much affect on production, then the price of oil should fall back. Some say it could test the $40 level this time if production actually rises as some expect over the next few months.
The rigs being removed from service now help, but not immediately. Just means as many new wells aren't being drilled. Those that just came on line or are being completed now with the rigs still working are actually pushing up production numbers still. Next week, probably see more rigs, 50 or more, taken out of service and inventories build by 5-8 million barrels. See which has more weight on the price of oil and therefore, the price of tankers and drillers.
LOL! Yet another new ID. Are they getting cancelled as fast as you can create them? What a punk to spend so much time trying to harass anonymous posters. You must be one real fragile little flower with some serious self-image problems to act like such a child. Carry on, nutjob.
You are replying to a psychopathic impersonator who I embarrassed on the EGLE board and now spends hours each day trying to get back at me.
Nobody stores any oil on the type of tankers NAT has in it's fleet. They use VLCCs, not Suezmaxes. The former hold twice as much and can be leased for about the same daily rate at this time.
Just because yahoo is too stupid to update their data doesn't mean you have to be stupid and keep talking about the dividend that was cancelled 6 months ago.
So far rates achieved in 1Q2015 are well above the $30,000 per day range or about 40% higher than we achieved in 4Q2014. So far, about 50% of our transportation capacity has been booked for 1Q2015.
Or, live out your life in the foothills of the Andes as the FBI seems to thiink he did. Hey, maybe if you go there, you can find someone who cares what you think, like Hitler.
They will add significantly to the back log, reduce the number of uncontracted newbuilds and secure new, low cost financing as they report what will be the strongest quarter in their history. 2015 will be stronger than 2014 as the already contracted newbuilds deliver.
Q1 will be way better than Q4. You must understand lag time. They have 50% booked because many of the vessels will have their voyage end soon and then will be rebooked.
You are an idiot. The number of rigs drilling in the US has dropped over 50%. The wells they drilled will deplete rapidly. There is no evidence you have a brain.
None of them are SDRL's, however. They have a young, state of the art fleet. Other companies are the problem with their ancient, dangerous rust buckets punching holes in the earth.