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The Long Case For Euronav

|Includes: Euronav NV (EURN)

Elevator Pitch

Low P/E, positive FCF in bad times, 10% dividend (not guaranteed) while I wait, low P/B.

Bought at 7.50 on Dec 19 2016

Thesis & Catalyst For Euronav (NYSE:EURN)

Shipping market will improve starting 2018 according to

Earning will continue to decrease until Dec 2017. Debt to Equity manageable at 61.84% and current ratio (NYSE:TTM) at 1.72. It will weather the earning deterioration.

Disclosure: I am/we are long EURN.