Hey all. I sold all on Monday at 15.35-15.75. I'm out. I could be making a mistake, but we'll see. I'm looking to reenter after earnings and in the 13s or lower. I may be wrong, but it's a risk I'm willing to take!
I'll be watching!! Good luck!
Well That's more then most of us thought. They must have locked in some better rates and not withheld as much cash this time. It will be interesting to hear the quarterly report. Let's hope this causes a run in the stock.
Thanks mdn38559 for pulling that press release. Based on my crude calculations and the intertanko rates, I've got an average of $31,455 for the quarter. Using the archived article as a reference and with Herb holding cash back for buys, I'll still say the divi will be 28-32.
I'm looking at high 20's. January started strong then we dropped into the 30's in late Jan early Feb. 20's in late Feb and into March. We are slowing creeping back into the high 20s territory. Based on the rates and our low expenses, I'm predicting a divi in the low 30s high 20s. Maybe 28-32. I don't have my historical charts with me that correlate the rates and the payouts. Does anyone have that handy and can see if I'm close?
Thanks in advance.
I also like how we quickly went from the 9 range to this 13-14 holding range. Hopefully we see a pop over the next month into the divi.
I respectfully disagree. Have 1 ship makes for an easy model to follow. The ships are in great shape and the debt per ship is low. The balance sheet is strong and will only get stronger.
Best of luck.
If you shorted based on the Seeking Alpha article, you're no brighter than that fool who wrote it. The shorting time has passed. You should have shorted before it touched 9. The spot rates are improving. OPEC will be meeting possibly slowing the production of oil. Oil prices may rise. Demand is there. VLCC may be used as storage so more need for Sus possible. Good divi. They no longer issue secondaries. Good luck on the shorts.
I'm still here. I'm not a pumper, but I'd love to see 15-20 right now. Unfortunately I didn't get out above my price and didn't get in on the 9-10 range. I'm now at 33k shares with avg. 14.75. I did collect my dividend and rolled that right into more stock.
Rates are improving and the movement around OPEC seems promising. We'll see. I think the future is bright here.
I read daily, but don't write every day. Great day today. Short squeeze maybe,