Value, Growth At A Reasonable Price, Dividend Investing, equity research
Contributor Since 2010
I've been investing full time for over 20 years. I use a proprietary model based on a modified Graham, DCF and PE analysis. Results can be viewed at our website (https://www.iiex.club/). As a result of past investment decisions I was able to turn my attention to full time investing and research which has always been my passion. This site and my website are the best forums to post ideas and research. I have a degree in engineering, however I spent most of my career in management and very little doing engineering calculations. View the current focus stocks at https://www.iiex.club/focus-stock
We said after the September update that we could see sub $2 levels before things get better. The stock hit a low of $1.84 at the beginning of November. I am surprised how quickly it recovered until we look at the November update. TNK expected rates to recover in Q4 above ten thousand dollars a day and if October is any indication the recovery is a little better than expected. In the November update they noted Suexmax rates averaged $20-25 thousand per day with Aframax rates in the mid-teens although this does not fit the charts they posted below although rates have improved dramatically.
Disclosure: I am/we are long TNK.