In this article I'll revisit Euronav (OTC:EONVF), a Belgian company operating a fleet of tanker vessels. The share price is up 38% since the first article, but has reached a peak return of 64% after it closed a very important acquisition of additional vessels at a very favorable price. I will discuss whether or not it would still make sense to invest in Euronav and how favorable the vessel acquisition was, as Euronav had to cough up almost $1B to acquire fifteen vessels.
(click to enlarge)
Source: old company presentation
As trading on the US exchanges is very limited, I'd strongly recommend to trade in shares of Euronav on the Euronext Brussels exchange, where the company...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|