| Oil Tankers: Finished Tanking? |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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| Oil Tankers: Finished Tanking? |
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I looked at some old favourites, Knightsbridge Tankers (VLCCF) and Nordic American Tanker Shipping (NAT), and wonder if now is a good time for bargain-buys prior to a good run-up. Thoughts?
Same goes for petrol compaines (Sunocco, Shell, Exxon, etc.)
"Expect me when you see me."
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Sat Apr 22, 2006 4:31 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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quote:
Originally posted by coaster
Would want to clarify the forward payout ratio; if they have to cut the dividend,.....
ehehe...I was hoping you would have a means to somewhat reliably predict that.
M* predicts $2.80 EPS for 2006 and $2.02 for VLCCF.
"Expect me when you see me."
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Sun Apr 23, 2006 2:35 pm |
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JBendar
Senior Member
Cash: $ 49.60
Posts: 271
Joined: 22 Mar 2004
Location: Woodbridge, New Jersey
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The Tanker companies look like they are ready for a move (based on technical analysis). It took two months to get from the high of November 2005 to the present price. The Candlestick analysis show that the trend seems to be in the uptrend mode (higher highs and higher lows). If the pattern continues, it could break the resistance of the November 2005 highs, and take off from there (IMO).
Haven't looked at the other companies you suggested.
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Sun Apr 23, 2006 2:51 pm |
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