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The Case for a Stock Market Correction and a Pick for EgyptRichard Suttmeier • Mon, Jan 31, 2011 -
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Recent Performance Review Of 6 High Beta Shippers: Mostly A Sea Of RedZvi Bar • Wed, May 9, 2012
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6 Discounted Small Cap Stocks With Strong Cash ReservesZetaKap • Tue, May 8, 2012 -
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Where Are High Beta Shippers Headed?Zvi Bar • Tue, Apr 24, 2012
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Overseas Shipholding Group, Inc. Q1 2009 Earnings Call TranscriptMon, May 4, 2009
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Overseas Shipholding Group, Inc. Q4 2008 Earnings Call TranscriptMon, Mar 2, 2009
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Overseas Shipholding Group, Inc. Q2 2008 Earnings CallWed, Jul 30, 2008
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Overseas Shipholding Group, Inc. Q1 2008 Earnings Call TranscriptWed, Apr 30, 2008
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Overseas Shipholding Group, Inc. Q4 2007 Earnings Call TranscriptTue, Mar 4, 2008
OSGIQ.PK vs. ETF Alternatives
Company Description
Overseas Shipholding Group, Inc. (“OSG” or the “Company”) is one of the world’s leading bulk shipping companies engaged primarily in the ocean transportation of crude oil and petroleum products. At December 31, 2009, the Company owned or operated a modern fleet of 106 vessels (aggregating 10.9... More
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- | Dividends
- | M&A
- | On the move
- Friday, March 16, 2012, 11:20 AM Shipping and tanker stocks run red hot off with Frontline (FRO +19.7%) leading the pack. Traders attribute the strong move to a momentum swing after the Baltic Dry Index finally pulled out of its death spiral earlier this year. Gainers: OSG +8.3%, SFL +5.7%, DRYS +5.9%, PRGN +4.2%. Comment! [On the Move]
- Friday, February 10, 2012, 9:25 AM Overseas Shipholding (OSG) says it will suspend quarterly dividend payments, the latest step by the shipper to preserve liquidity. OSG has posted significant losses, as a slump in tanker rates has hurt its top line; high fuel costs also have pressured profitability. Shares -11.2% premarket. Comment! [Global & FX, On the Move]
- Tuesday, December 20, 2011, 12:25 PM Shipping stocks get a lift today as better-than-expected economic data out of Germany and some encouraging housing data out of the U.S. spark hopes for light at the end of the tunnel: Overseas Shipholding (OSG +6.4%), Frontline (FRO +4.9%), Ship Finance (SFL +4.2%), Knightsbridge Tankers (VLCCF +2.4%) and Teekay (TNK +1.5%). Comment! [Global & FX, On the Move]
- Wednesday, December 7, 2011, 3:26 PM Shares of Overseas Shipholding (OSG -3.3%) sink after Moody's cuts the shipper two notches deeper into junk and left the door open for additional cuts. The ratings service notes weak fundamentals in the global tanker sector are hurting its liquidity. Comment! [On the Move, Global & FX]
- Tuesday, November 29, 2011, 3:11 PM Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending it further into junk territory. The ratings agency is worried about Ship Finance's exposure to Frontline (FRO -7.2%), which recently crashed on liquidity fears. Also moving lower: TNK -5.3%. OSG -4.8%. PRGN -3.9%. DRYS -6.6%. 2 Comments [On the Move]
- Tuesday, October 11, 2011, 5:15 PM Owners of supertankers, losing money for a sixth consecutive quarter, likely will idle the most ships since the 1980s as they contend with a glut that's driven charter rates to the lowest in at least 14 years. And it may not be enough to end the slump: Forward freight agreements anticipate rates no higher than $13,819/day through 2013, far below breakeven. Comment! [U.S. Economy, Global & FX]
- Thursday, October 6, 2011, 10:07 AM Overseas Shipping (OSG) drops 5.3% after Dahlman Rose cuts the tanker fleet operator to Sell. Dahlman sees an OPEC production cut on the way, an event that would hurt demand for OSG's services. The firm also expects overall tanker demand to remain weak through 2012. Comment! [On the Move, Quick Ideas, Energy]
- Tuesday, September 13, 2011, 2:49 PM Transportation stocks are steady gainers on the day with all 20 stocks listed in the Dow Jones Industrial Transportation Average moving higher. Not getting left out of the party are shipping stocks (SEA +2.2%), led by OSG +9.2%, PRGN +4.2%, FRO +3.6% and DRYS +2.8%. Comment! [On the Move]
- Tuesday, August 30, 2011, 1:06 PM Shipping stocks recover as the sector looks a little downtrodden to investors after a harsh 71% cut on the price target for Frontline (FRO +15.2%) by FBR Capital rocked firms yesterday. Gainers in the sector include: OSG +4.8%, DRYS +3%, PRGN +4.8%. 1 Comment [On the Move]
- Monday, August 29, 2011, 10:18 AM FBR Capital slashes its PT on shares of Frontline (FRO -5%) to $8, as the firm's fleet of 70 tankers makes it tricky to steer through an industry slump. Potentially better-positioned rivals are posting healthy gains including DryShips (DRYS +6.2%), Overseas Shipholding (OSG +6.2%) and Seaspan (SSW +3.3%). Comment! [On the Move, Consumer]
- Wednesday, August 10, 2011, 7:52 AM FBR downgrades "high beta" tanker stocks OSG, FRO and GMR to Market Perform, saying the trio is vulnerable to macroeconomic risks which could "depress demand and slow the tightening of the tanker market." Converesly, firm upgrades NAT to Outperform, lauding its "healthy dividend yield, firm fiscal footing, and disciplined management." FRO -2.5% premarket. 2 Comments [Quick Ideas]
- Wednesday, August 3, 2011, 11:40 AM Shipping stocks take a beating as overcapacity, slow demand and price cuts on large commodity transports kick in to pressure profits. Analysts at Deutsche and Jefferies add to the negative mix with sector downgrades. Select shipping stocks faltering: OSG -6.1% DRYS -4.2% NM -5.8% PRGN -3.6% DSX -1.9%. 2 Comments [On the Move, Quick Ideas]
- Wednesday, March 9, 2011, 1:53 PM Credit Suisse sees a stock opportunity in Libya's chaos: Overseas Shipbuilding Group (OSG +1.3%) has tankers in the right place at the right time and could benefit as the rates paid to shippers rise. Disruptions in Libyan oil shipments means Europe will depend increasingly on oil deliveries from West Africa and the Arabian Gulf. 2 Comments
- Thursday, February 3, 2011, 3:25 PM The plunge in the Baltic Dry Index says more about overcapacity in the tanker industry than the direction of the world economy. A JP Morgan analyst sees demand for space growing at a healthy 8.1% this year, but capacity growing even faster. BALT -0.5%. DSX +0.7%. SEA +0.04%. 1 Comment [Global & FX]
- Friday, January 28, 2011, 4:48 PM Shares of tankers and shippers surged today as investors bet on a shutdown of the Suez Canal: GMR +10.3%, FRO +7.7%, OSG +6%. But Dennis Gartman has his eye on the entire Middle East, with early unrest in Yemen and potentially spreading to oil-rich Iran. He thinks Canada could benefit, with Suncor Energy (SU +3%) the "best play" on Canadian oil. 1 Comment [Global & FX]
- Tuesday, November 2, 2010, 6:53 AM Overseas Shipholding (OSG): Q3 EPS of -$0.89 beats by $0.17. Revenue of $260M (+6.7%) vs. $233M. (PR) Comment!
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Marc Courtenay
OSGIQ.PK is another good example of why insider buying can be profitable. Please see http://seekingalpha.com/a/5v1l - View all 0 replies
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Adam Block
Buying OSGIQ.PK, VR and CREE today. All at nice discount to book value, and I can't find a reason for them to fall on fundamentals. - View all 0 replies
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Alex B. Gray
Overseas Shipholding OSGIQ.PK reported Q3 2010 revenues of $208.6M vs. $207.3M and a loss of $31.8M vs. a loss of $19.6M in 2009. - View all 0 replies
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