golds

Shipping Stocks: I'd Wait To Buy Frontline and Overseas

I would pass on OSG and buy high dividend paying tanker companies like FRO, NAT and TNK. If times get really ugly these guys have a downside of paying decent income. So far oil shipping has totally escaped the world economic downturn. In fact rates have hit record highs recently. No matter how bad the down turn gets we will still be shipping the same amount of oil. From here in we will use ever increasing amounts of the black liquid each year until we can't produce more.

Best Regards,