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Last week's OPEC decision to maintain its quota of 30M bbl/day had the added effect of...

Last week's OPEC decision to maintain its quota of 30M bbl/day had the added effect of emboldening tanker operators to raise shipping rates for very-large crude carriers, as Bloomberg calculates Q3 rates will average $18K/day vs. a low of nearly half as much in Q2. Stocks poised to benefit after painful declines: FRO, SFL, NAT, OSG, TNK, TNP.
Comments (2)
  • geodan85
    , contributor
    Comments (162) | Send Message
     
    What OPEC says and what they do are quite different. The quota is always ignored, they will ship more oil if the demand is there.
    20 Jun 2012, 04:05 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    How much do they need per day to break even? I seem to remember some number like 25,000/day? Could someone please comment?

     

    Also, I would be VERY interested in a good tanker stock analysis for 2012/2013. Does anyone have a nice link?

     

    Thanks :)
    28 Jul 2012, 05:37 PM Reply Like
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