" The market is so over supplied,"
really? - here is what you said two years ago when u were a TNK bull counting divvies:
TNK has visibility. The euro does not. TNK's problem is that the number of ships outnumbers the charters. However as time tics by, ships are being removed from the water, and orders for ships are being cancelled. So we are approaching balance.
you were wrong then weren't you....i guess u rode it down and got taken out in the 2s....ahh but what should we expect from an mreit specialist pumping NLY, or is a cloud computing expert calling for VMW to go BK...or maybe you are an O&G savant bulled on LINE...
you are a fraud napp and have been outed....now that would make a good SA article
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