I think their is so much disinformation being sent out by both sides of "Experts" which is another term for paid lobbyist for their side of the book - truly causing volatility of up one day and down the next so traders love it - no doubt refiners are having and have had a great run, the thing is things go in a pendulum up so far and reverse direction as change is the only constant - who predicted oil at current levels back in August of 2014 - nobody - so refiners will still remain in the sweet spot, but I think the direction is slowly going to go the other way.
What do you think about VLCCF now Golden Ocean Group Limited GOGL - they have large fleet and large orders for more capesize ships - is it possible that they have info on drybulk increasing demand or just easy money from QE creating buying of unneeded assets ?
A little late, its about time that Obama lifts oil export ban and down refiners go. Look forward not backward like analysts do.
BS - what are the chances of FRO and FRO 2012 merging ? Seems like with the bond payoff near there isnt any reason for the separation in JF oil shippers.
See form 8937 on NAO's website under investor relations then under dividend tax treatment, the 3 dividends in 2014 paid were all return of capital - the recent one paid in 2015 is no different.
2011 was negative $6.80 per share
2012 was negative $1.06 per share
2013 was negative $2.36 per share
2014 was negative $1.63 per share
and consequently the balance sheet was horrible. Many people are disappointed because the turnaround is not instantaneous to the current rates, forgetting about the hole they were in. They are climbing out but many people were looking short term forgetting about the debt they had accumulated. Its getting better gradually, but too many people have no patience.
Obama would not do ANYTHING that McCain wants - your wrong on all counts - quit making #$%$ up.
I believe FRO 2012 wanted to get rid of the drybulk vessels and become strictly oil vessels as drybulk rates are at multi year lows, China slowing, and still massive drybulk oversupply. At some point VLCCF with Golden Ocean should be a dominant player that is profitable but it will probably be at least a year away.
I see - Obama has McCain running foreign policy for the last 6 years and both are the best of friends and really Obama just loves Israel - try selling that to anyone with a brain.
He could buy more on the cheap if so, he wouldnt be here if he didnt want the company - eventually he will push it much higher.
Sentiment: Strong Buy
Apple shareholders have not even heard about VHC nor do they need to - just look at the past - VHC still no ongoing royalties to sustain the business just token royalties to pad the imitation that something is there.
Sentiment: Strong Sell
idiot you forgot so many things its hard to know where to start - taxes, distribution, marketing, retail store markup etc. - the refinery spread is a huge tell and it has to come down.
Sentiment: Strong Sell
Your looking backward - looking forward the spread is down over $1.50 a barrel between WTI and Brent - that is what they are seeing and they believe WTI will keep going up while brent stays rangebound - all refiners have done great and they will do well, just not as great as they were as pendulum has changed.