Its all about the price of gold from here on out.
Global oil glut leads to storage space shortage, observers say.
Oil producers are running short on crude storage space and leasing offshore storage
as global oil supply exceeds demand and results in a further decline in oil prices,
observers say. "Within around two months, [onshore storage will] be completely
exhausted," said Ivan Szpakowski, commodities strategist at Citigroup. "The only
remaining storage globally will then be floating storage, tankers."
I've been catching quite a few of these articles lately. They all say that most shippers won't feel the full effect of the Contango until maybe the 1st or even 2nd quarter of 2015. If FRO continues to pullback, consider it another buying opportunity.
rami, your continuous doom & gloom isn't going to make a difference in the pps. Earnings will tell the story.
TNK has been pretty flat the past few months. Could it be that the recent earnings release from TNK is making it rise? I think so!
All eyes on FRO, earnings release is coming!
Earnings are supposed to be out around February 27th, but nothing is ever written in stone. Sometimes they surprise everyone early. or make you wait longer.
Sam, I couldn't agree with you more. Over the past few years, I've watched Zack's over pump & downgrade stocks. At the end of the day, there ratings meant and did nothing.
I've been holding ALU for a long time now, and I see better days ahead. Like you said, Zack's is meaningless, but take what you can at this point.
Ron I'm serious, evertime they upgrade...the stock goes nowhere. Evertime they downgrade, the stock goes nowhere. Why is everyone so focused on Zack's????
What does everyone follow Zack's???? They pump one day, they bash the nest, THEY ARE NOBODY!
When are you gonna bring out your alter ego and start posting again as Michelle_Michelle? Whats wrong, get tired of wearing that skirt & pumps? WE KNOW!
Hahahahaaaa....he is the kind you can spot real quick. Posting more than frequently, all negative, all negative reply's to anything positive. Hilarious, comical, and stupid all wrapped up in one....lol
I don't like dilution any more than any one else, but it was a good move.