In this article, I'll have a closer look at Euronav (OTC:EONVF), which is a Belgian shipping company focused on oil transports with its 36 vessels. I will start with a background of the company and explain why Euronav might be a hidden gem to bet on the recovery of the oil tanker market based on its financial statements and the company's balance sheet.
Thereafter, I will explain what Overseas Shipholding Group (OTCQB:OSGIQ) (a US shipping company currently in a Chapter 11 procedure) has to do with Euronav and why the outcome of this Chapter 11 procedure will be extremely important for both companies. As the company has recently announced it is investigating a dual listing on the...
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