|Day Low/High||7.46 / 7.86|
|52 Wk Low/High||4.22 / 8.65|
The collapse in oil prices may be crushing energy companies, but it has been a boon for the refined product tanker space.
The abundance of oil and the introduction of product coming out of new refineries in the Middle East are boosting tanker rates, said Anthony Gurnee, CEO of Ardmore Shipping.
Consider buying a pullback or using a condor-like spread to bet on a trading range.
Shares of tanker-owner Ardmore Shipping will float higher once the market realizes the strong rate environment, says the company's CEO Anthony Gurnee.
Ardmore Shipping and Athlon Energy plan to go public, but the public might be better off avoiding them.