|Day Low/High||9.32 / 9.54|
|52 Wk Low/High||7.55 / 11.20|
I see upside in the common stocks of oil tanker shippers as we move into 2021.
This market is offering trading opportunities the likes of which haven't been seen since early 2009.
Here's my delightful adventure playing Euronav using Webull.
There has been a windfall in profitability in this industry that none of the management teams are taking credit for predicting. None of them believe it's ending, either.
The demand for floating storage - renting an oil tanker for the purpose of holding the cargo until oil prices improve - has increased exponentially.
Contango is the situation in which contracts for future months' delivery are valued more highly than the contract for the current month's delivery.
The quickest way to stimulate a malaise-ridden economy is through infrastructure projects.