SUEZ up to 28k/d; Afras down to 18.3/d...well above break evens...LR2 and MRs still kind of stuck at the 10k range...
all good news for TNK...well above cost...and market agrees
I recall some poster stating that "TNK is most sensitive to Aframax rates"...which is kind of an odd statement since if you simply look at TNK's fleet you would see that there are 8 suez and only 4 afras trading spot. Even if u include the ships coming off fixed over the next few months TNK has mostly suez on spot rate
so either that poster is blatantly or willfully ignorant. Not sure which one but it could also be he or she is simply stuck in the phallus stage of psycho-development given their obsession with such
nothing - as long as the expected return on assets is less than the cost of capital and u find someone to pay you a premium...good idea...problem is when the ROA is well below your cost of capital and/or u can't find a "sucker" - then your only choice is to hang on and hope for a rebound before the debt comes due (think underwater mortgage)....
she doesn't like those morning prayers
well they just lost one of their nominees to Glencore...sounds like a solid group Drapkin put together...and you have to love Taylor's picture..
I guess CASA is going to have to redo this morning's presentation - like duh, they had no clue one of their nominees was going to jump ship? AWKWARD!
ok kidding aside....but with 120 pages you would think they would have done a cost/benefit analysis on keeping bloom lake open vs shutting it down "immediately" - doesn't it cost something to idle a mine? I don't see any well thought out details. Just lots of marketing hogwash. Also "aggressively restructure take-or-pay contract" sounds nice but c'mon are you going to threaten your custy?
what is with all of the comics and are we shareholders going to have to reimburse CASA for such dramatic artwork?
it is 120 pages - did anyone see anything that states why they need more than their guaranteed 2 seats?