yeah they where raving about green giant most of call. hope they can walk and chew bubble gum at same time and not let other brands fall back. great news that green giant adds scale to all business lines and reduces costs. also the logistic company they hired seems to be really performing.
they were suexmax. NAT owns some hyundais now. only constant is they only buy korean. doesnt matter cause wasnt true.
id say bottom is in. just gotta wait for projects to come online. when china is choking from coal and africa still burning wood for cooking fuel. will have many demand prospects. too many ships for 2016 but dorian has nice debt profile
Iran doesn't have a significant clean product export market yet. but Saudi arabia just expanded there clean product ops significantly along with america. iran is mostly Crude only not refined product.
im bag holder. if have profits take them. dont think share price is justified. nothing has changed NAO is still losing money. may be better into summer. but i am starting to wonder if north sea is sustainable. the high tax rates of norway and UK. how can they compete with ME countries?
that is an complete lie about 80 million. debt has been constant 250 million on the revolver since the tanker crisis began 5 years ago. they issued shares instead of drawing. and recently went up to 267 million.
rumors are that NAT is buying 15 year old Hyundai(s) for 25 million a piece. might be waiting to close that deal.
TNK stock price has under performed NAT for 5 quarters, which in end is all that matters. on paper they should be trading higher but is just not happening. i am gonna take profits soon in NAT waiting to see if short squeeze happens first with those 20% short
should be higher the market doesn't like tnk debt or counter party risk.( they may be forced to take ships from sisters as they are only healthy girl) i bought a small amount for trade that is not working. im at breakeven if they dont pop with div im out. NAT may have lower averages but they didnt spend hundreds of millions of dollars to earn 2k more a day. NAT is getting a better return on investment on old ships. teekay should extend their fleet life to 20 years instead of 15. they are in a constant state of fleet renewal. if nat and Fro can do it im sure teekay can as well. there brand is stronger than anyone. and how much does that analyst cost to make these market reports?
suezmax rates jumped significantly higher on the 14. with almost 20% short should be and epic short squeeze if trend continues. i may take profits into it.
hopefully buying back alot of shares. i think the recent MR sale was prudent. proceeds can be used for new deliveries and possibly up size buyback. doesn't help with what happened at scorpio bulkers tarnishes the management reputation.
on seeking alpha good article about green giant. in comments a guy mcfarland talks about how fresh is probably sourced
i finally found section on website. i havent seen the green giant fresh products in the new york area. as well as many of the other frozen items such as rice, sautees and stuff. just plain boxed potatoes and veggie style here.