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DHT Holdings, Inc. (DHT) Management on Q1 2020 Results - Earnings Call Transcript

May 06, 2020 8:47 PM ETDHT Holdings, Inc. (DHT)12 Comments
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DHT Holdings, Inc. (NYSE:DHT) Q1 2020 Earnings Conference Call May 6, 2020 8:00 AM ET

Company Participants

Laila Halvorsen - Chief Financial Officer

Svein Moxnes Harfjeld - Co-Chief Executive Officer

Trygve Munthe - Co-Chief Executive Officer

Conference Call Participants

Randy Giveans - Jefferies

Ben Nolan - Stifel

Mike Webber - Webber Research

Omar Nokta - Clarksons Platou

Robert Silvera - R.E. Silvera


Ladies and gentlemen, thank you for standing by and welcome to today’s Quarter One 2020 DHT Holdings, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. And I would now like to hand the conference over to your first speaker today, Ms. Laila Halvorsen. Please go ahead.

Laila Halvorsen

Thank you. Good morning and good afternoon, everyone. Welcome and thank you for joining DHT Holding’s first quarter 2020 earnings call. I am joined by DHT’s, co-CEOs Svein Moxnes Harfjeld and Trygve Munthe.

As usual, we will go through financials and some highlights before we open up for your questions. The links to the slide deck can be found on our website, dhtankers.com. Before we get started with today’s call, I would like to make the following remarks. A replay of this conference call will be available at our website, dhtankers.com, until May 13. In addition, our earnings press release will be available on our website and on the SEC EDGAR system as an exhibit to our Form 6-K.

As a reminder, on this conference call, we will discuss matters that are forward-looking in nature. These forward-looking statements are based on our current expectations about future events, including DHT’s prospects, dividends, share repurchases and debt repayment; the outlook for the tanker market in general; daily charter rates and vessel utilization; forecast

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Comments (12)

Michael1944 profile picture
I will look for next dividend which is supposed to be a good one????
Bsoidonym profile picture
"Look how I juggle with my crystal ball."
I’m beginning to learn how this works. What sounds the most stupid? Do that to make money in stocks. The company is doing great and is set up to do well into the future. SELL! The company has to borrow more money, we are cutting dividends and the outlook is poor for the furniture. BUY!
Kingkang80 profile picture
Welcome to the "upside down world"
The "parallel universe" from Seinfeld! Remember the anti-George who had it all together!
Free Cash Flow 50 profile picture
Contango is shrinking and rates are dropping. Oil looks to be in a new bull market and we could be in a supply deficit (as crazy as it sounds) in a few months. depends much on how quickly and big the cuts are as well as how big demand comes back. a lot of moving parts to rhink about. The bots are also running the show It thinkand selling off accordingly. oil up, tankers down etc.
If you keep jumping from one bandwagon to another it's easy to fall and get crushed under the wheels.
DhunterChapy profile picture
There is no way in hell we will have a supply deficit in oil going out several years unless their is some sort of Geo-poplitical black swan event. The supply/demand realities simply will Not produce a supply deficit. That does not mean that oil could not sustain $50 in the next year or so, maybe even hit 60, but that is it. 7 years ago I penned a article how oil could not sustain a price over $70 for the next 10 years and i was ridiculed. I still stand by that, this opinion is Only based on simple supply / demand global econometric modeling.
DhunterChapy profile picture
I just sit in my wagon with some straw hangin out my mouth and sell 5 and 6 dollar puts while collecting a very nice premium with all of this Vol. So far so good, but I am only going out a month or two, then re-evaluate. Just my 2 cents
PS - Doing it on EURN as well at $7.50 strikes
I've given up trying to understand this market... Consecutive record quarters with another record projected for Q2 and stock tanks
I learned this long ago. Just keep the dividends flowing and turn a blind eye toward the trading or it will drive you nuts.
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