Jesus help us! New to ECO and probably bought at the very wrong time. Currently watching this falling knife and wondering how I missed there monstrous amount of debt!!! It hurts so bad!!
No idea where bottom is. I thought it was going to eat the gap and recover...looks like its beyond my crystal ball abilities.
Crossing my fingers it doesn't go low enough to cause the DIV to get shut down but it's a huge div so it will either pay it forward like a golden goose or take hard earned money like so many other stocks and leave me thinking about savings accounts over investing!
Tankers
grantee short for bitcoin WITHINTHENEXTWEEKSO, this chart may be a little hard to read. However, price may push up to the blue dotted line or the dark line before dropping. In contrast, as soon as price breaks the yellow ascending line... SHORT SHORT SHORT!
Top ships is quite undervaluedIt has an extremely strong support level around one dollar and huge, huge potential for growth.
Although it continues to have problems to be profitable (in net terms), I consider that its fleet, its geographical distribution, its orientation towards "ECO" tankers, its continuous increase in income and assets, make it a strong competitor in the sector.
Among other things, Morgan Stanley increased its position by almost 2,500% in March, while other big ones like Rockefeller Capital Management and JPMorgan opened new positions, mmm...
This company is "an international owner of modern, fuel efficient “ECO” tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals"
NASDAQ:TOPS
STNG is looking to recoup some ground.Oil Tankers have experienced a lot of uncertainties due to the pandemic in 2020, however it is clear that the worse is behind us. Oil it will slowly drift higher and so tankers like Scorpio will benefit from that.
My primary target for STNG in the next 6 months, is on its immediate major FIB level, around $18.
Let's wait and see how it will go in the next couple months.
Scorpio Tankers bottom formationTanker day rates are through the roof and the sectors share prices haven't yet produced the fruits.
If this inverse head & shoulders pattern completes the bottom is in for the time being. Load up on the tankers. The whole sector looks primed and ready to take-off.
Confirmation with break of neckline & increased volume on the break. Looking to long on the re-test of the break
Still bagholding over hereTake what I say for a grain of salt on this one. I am still bagholding hard on this one but we finally broke out of resistance and q2 results will look great. Also the dividend won't hurt anything this month. Wish me luck and probably don't listen to me on this one! In my defense I did say 6 month hold :)
STNG Bullish possiblySTNG - With oil prices so low and demand reduced due to corona virus there is excess oil needing to be stored so bullish on tankers for next 1-3 years. 2/3 last times it has broken middle bollinger band on the weekly chart it has done 100% moves, the other time 30%. Could be forming a nice curve bottom here. Volume increasing. Needs to get above 50MA and will turn bullish. Could be a good hold for the next 12 months, watch carefully.
$TNP can rise in the next daysContextual immersion trading strategy idea.
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.
Due to the oil price lowering, the demand for oil tanker transport companies rose. Their clients use the tankers for oil storage.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,05;
stop-loss — $3,90.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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STNG - Board the Tanker to new highs ?Tankers stocks are trending up with the actual Oil crisis if the conflict escalates tanker stock may skyrocket to new highs.
Following the recent run and the historical day we liver on 20/04/2020, the stocks had a huge rally but RSI is showing overbought condition and Price has been rejected by 200 Day EMA. we might go back to the 50 EMA (hourly), the 20$ level can be a good entry point to join the ride.
Hedging bets on energyThere's a lot of action in energy stocks today as Donald Trump announced on Twitter that Saudi Arabia and Russia are closing in on a deal to cut production by 10-15 million barrels per day. This is going to be challenging, since the two countries only produce 23 million barrels per day between them, so they'd have to cut their production in half. Shortly after Trump's tweet, a Russian spokesman announced that in fact no specifics have been discussed, so it seems that Trump's tweet was very premature.
Nevertheless, there's some reason to think that Saudi Arabia, at least, will cut production. Last night, Senator Kevin Cramer said he had told Trump that "we should not keep armed forces in Saudi Arabia protecting their oil assets while the Kingdom declares war on our oil producers." In other words, Cramer told Trump to twist the Kingdom's arm by threatening to withdraw US troops amid a rebellion in Yemen and threats from Iran. Assuming that this is, in fact, the strategy Trump is using, I think it's very likely to succeed whether Russia plays ball or not.
Here are a couple other bullish signs for energy: the US is addressing the storage shortage by renting out space in the strategic oil reserve to private companies, and crude inventories are falling in China for the first time in months because refineries have reopened there.
On the other hand, there are bearish signs too: Rystad Energy predicts a large decrease in energy demand in April, and today's jobless claims report would tend to confirm that. 6 million jobs lost means the economy is in a very bad place, and the weakening of demand may persist long after lockdowns are over.
It's hard to resist taking some positions in the energy sector with so many bargain dividends available, such as the nearly 10% dividend on Exxon-Mobil. (And Exxon should have the cash to be able to sustain that dividend even if oil prices remain weak.) However, what if oil prices continue to fall? For that scenario, it's useful to have a hedge.
I am hedging my Exxon-Mobil position with an oil tanker stock, specifically Frontline, Ltd. (FRO). Tankers and producers have been moving opposite each other, with tanker stocks gaining when oil prices fall and falling when oil prices rise. That's because weak oil prices lead producers to ship their oil to storage locations, which increases demand for tankers. Frontline has a nearly 20% dividend yield right now, so I should make money from dividends on both sides of this trade, regardless of what happens to prices.
I also have a smaller hedge in USO, an ETF that holds physical oil. This is because rising oil prices may not always be good for Exxon-Mobil. What if oil prices rise because big producers like Exxon have cut production? Then both my Exxon stock and my Frontline stock would fall even as physical oil prices rise. So I want to have some physical oil in my portfolio too, to offset the effects of any Exxon-Mobil production cuts. Unfortunately there are no dividends from USO, which is why I have only a small hedge here.
WTI: Oil traders store crude on tankers at sea. Again!Hi Guys,
what happens when some of the world’s biggest oil traders seek to store crude on tankers at sea?
The play is to seek to take advantage of the crash in crude prices and make a profit down the line.
It happened in 2009 and in 2015 as reported by Reuters back then in this article: www.reuters.com
Today Bloomberg reported that the same play is happening again.
How will price unfold this time?
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Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Any thoughts on this pattern?I was wondering if anyone care to share an opinion on forecasting this one (Frontline, NOR, tankers) based on the basic info I have highlighted in the chart?
I am very much in rookie territory, trying to learn from entering other and more experienced POVs. Any feedback much appreciated. Thanks!