In TNK's statement of August 6, its possession of 12 Suezmax tankers from Principal was expected to take place by end October 2015. In your 2nd sentence I take it you refer to tanker rates - and not interest rates.
I've nothing to say ! It's all been said by others. Is China and a US rate hike really going to kill TNK ? Strikes me, by mkt action, they're going to kill the world, let alone TNK. What tosh.
Today's 08.27, and 2nd part to MarketRealist's thorough "BDTI" report starting yesterday, highlights TNK's (+ others') low RSI - bullish.
Sentiment: Strong Buy
Maybe today's article by MarketRealist "Baltic Dirty Tanker Index" is having its influence on today's TNK price. Having read it I come away with a neutral opinion on their tanker industry outlook. I don't like the number of new builds outlined. MarketRealist leaves it up to the reader to make up his/her own overall conclusion. There's too much "on the one hand/but, on the other hand" sectors. Who has a more positive conclusion than my neutral one
Agree with you heezdedjim_2002: Some holders of TNK know a bit more than the bulls on TNK, failing which the stock wouldn't be continually offered. The question is: what do sellers know, what stockholders and bulls don't know ? I bet you none of them respond to my genuine question !
If one cannot become "bulge bracket" honestly, try dis-honestly ! These two Europeans have committed enough FX, Libor shockers already to be continuing their dishonesty. Maybe they're in competition to see which of them can be fined the most. Their shareholders are asleep. Thank you kosmiccharly for throwing light on their questionable tactics. Theirs is a case for regulatory scrutiny into questionable share price action.
A simple question to the sellers of TNK stock in July and until 12. August 2015 ... why did you sell ?
I just want an educated answer - so I can understand ... thank you... Over... and ... out.
It was not so long ago when traders holidaying in August handed their desks over to apprentices/rookies.
I trust the real traders will return asap - px on 08.12 minus 7pc on a 1/4 of normal volume ? - give me a break.
Date: 08.04.15 - Good sell, Uncle. Today TNK is 677, 36 hours before Q2 earnings report. Stock performance of TNK has been horrible since your posting. Now what ?
Just a thought - JPM resurrected in early July recommendation to buy TGP - Teekay LNG Partners (MLP) - when TGP stock was @ USD 29. Px range for 2015 = USD 27-44.5 - I hear switches from TNK to TGP to be a cause (! ?) for TNK swoon on 07.28.15
07.28 stock price action down to USD 7.05 was hideous. Unless someone will explain why today TNK stock swooned 6%, then come what may on Aug 6 2015, the company must be explicit. Something stinks with TNK. This is not the first time, either. It will be up to the company's communication on Aug 6 2015 to confirm that TNK stinks, or put its odour to rest with a whiff from Chanel No. 5 - or much better. Over to U - TNK. From me - over and Out.
It is high time for the company to communicate and quell the noise and the roller-coaster ride for shareholders..
Selling before Q2 earnings are announced before markets open on Aug 6 suggests either insiders know something the general public does not, or weak holders think like "Cramer" (?) and don't do homework. I receive the Alpha alerts and agree - also, I won't sell a single share until winter is well and truly settled in.
(TNK@7.60) - Crude Oil VLCC cost of hire since 01-01-15 has increased 50% to USD 93.6K/day for Saudi Arabia to Japan trip - a 7-yr. high.
(Supply of VLCCs fallen sharply since 2008.)
(BDI yda @ 1,113 (+4.3%) with gains for capesize, panama and supramax.)
The one thing to be cautious about on Greek tankers is a possible tax increase on tonnage by the tax revenue-strapped Syriza government. See "Athens warned that shipping tax could sink successful sector" in London's Financial Times dated July 18. FYI Greek shipping companies control 19% of the world's dry bulk carriers and 25% of the oil tankers. Shipping makes up 7.5% of Greece's economic output. (I guess these Greek shippers could register their companies elsewhere (Malta, Cyprus) if the possible tax is too irksome.)