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Crexus Investment Corp. Message Board

znvstr 3 posts  |  Last Activity: Mar 31, 2016 11:14 AM Member since: Aug 7, 2008
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  • znvstr by znvstr Mar 10, 2016 1:23 PM Flag

    I just caught an interview with Herb on CNBC. Notably, he said that he bought another $500K of NAO last week, that he isn't worried about NAO, and is looking to buy more ships because he can get them cheaply. All that made the stock pop a little.

  • Reply to

    Rates

    by bill3442li Mar 20, 2016 7:35 AM
    znvstr znvstr Mar 20, 2016 7:31 PM Flag

    Charles R. Weber posts them every day for tankers....in terms that are tough to decipher. But, I use them to see trends. For service vessels like NAO has, google "North Sea Activity List". Under "Short Term Fixtures" there are rates shown for some fixtures....usually in British pounds.

  • Reply to

    Undervalued

    by voclrmet Mar 31, 2016 10:30 AM
    znvstr znvstr Mar 31, 2016 11:14 AM Flag

    This stock is very dependent on VLCC rates, which had been falling, but now appear to be strongly rebounding. I'm sure it's going to remain volatile. But, I agree that it's significantly undervalued, at present levels.