HeliRy Note: I previously covered Okeanis Eco tankers (NYSE:ECO) in February 2024. In my note, I highlighted the company’s top-notch fleet, an average age below 5 years, and 100% scrubber availability. The ECO fleet consists of VLCC and Suezmax crude oil tankers. ECO distributes attractive dividends at a 14.2% TTM yield. Considering the company’s strengths,…
DNY59 Introduction Okeanis Eco Tankers (NYSE:ECO) is my favorite way to capitalize on the on-going bull market in the crude tanker sector. I have been long the stock since 2022 and have been covering it on a number on occasions (here is the link to my most recent coverage). In this article, I re-visit the…
Okeanis Eco Tankers Corp. (NYSE:ECO) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Aristidis Alafouzos – Chief Executive Officer Iraklis Sbarounis – Chief Financial Officer Conference Call Participants Petter Haugen – ABG Bendik Nyttingnes – Clarksons Securities Operator Hello and welcome to the OET’s Fourth Quarter and Fiscal Year 2023…
bugto/Moment via Getty Images Introduction Shipping stocks with a market cap below $100 million offer exciting opportunities for entrepreneurs’ investors. Most of the time, they are not as straightforward as shipping majors such as Frontline plc (FRO) or Star Bulk Carriers Corp. (SBLK). In today’s article, I discuss such a company. Pyxis Tankers Inc. (NASDAQ:PXS)…
HeliRy Note: I have covered Teekay Corporation (NYSE:TK) previously, so investors should view this as an update to my earlier articles on the company. Last week, shares of Teekay Corporation sold off after its main consolidated asset Teekay Tankers Ltd. (TNK) reported weaker-than-expected fourth quarter results. Adding insult to injury, Teekay Tankers management refused to…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crew members on the tanker Marlin Luanda succeeded in extinguishing a blaze in one of the vessel’s tanks on Saturday, 19 hours after a Houthi missile strike in the Gulf of Aden. Friday’s attack was…
HeliRy Note: I have covered Nordic American Tankers Limited (NYSE:NAT) previously, so investors should view this as an update to my earlier articles on the company. Four weeks ago, Suezmax pure play Nordic American Tankers or “NAT” reported seasonally weaker but still solidly profitable third quarter results: Company Press Releases With cash flow from operating…
Miragest/iStock via Getty Images As the largest pure play product tanker company in the world, Scorpio Tankers (NYSE:STNG) is set to benefit from the tailwinds in the product tanker market and rising dayrates. Company Profile STNG is the world’s largest owner of clean product tankers. Its fleet consists of 59 MR tankers, 39 LR2 vessels,…
taikrixel This analysis builds upon the macro thesis presented in here, emphasizing the bullish potential of the tanker industry. Factors supporting this outlook include a low order book, an aging fleet, increased regulations, and anticipated growth in regional and global oil and product demand over the next three years. To maximize investment potential, I focus…
SHansche Listen to the podcast above or on the go via Apple Podcasts or Spotify. Why J Mintzmyer really likes tankers (0:30) and specifically his two favorites, Scorpio Tankers and Tsakos Energy Navigation (2:15). What happens if there’s a recession? (8:40). This is an abridged version of a recent conversation. Nathaniel Baker: Joined today by…
SHansche/iStock via Getty Images A couple of days ago, Teekay Tankers (NYSE:TNK), one of the leading oil tanker companies, released its Q3-2023 earnings. Results were in line with analysts’ expectations, and the stock only marginally increased its value. In this article, I will provide an overview of Teekay Tankers’ Q3-2023 results, and I will explain…
Teekay Tankers Ltd. (NYSE:TNK) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Kevin Mackay – President and CEO Stewart Andrade – CFO Conference Call Participants Jon Chappell – Evercore Omar Nokta – Jefferies Nathan Ho – Bank of America Operator Welcome to the Teekay Tankers Ltd. Third Quarter 2023 Earnings…
SHansche Following a solid bull market in early 2022 amid higher global shipping rates and geopolitical tensions, the oil transportation industry has been less stellar in the past year. I track absolute and relative performance trends in the U.S. Global Sea to Sky Cargo ETF (SEA). It underperformed over the final three quarters of 2022,…
AvigatorPhotographer Note: I have covered Pyxis Tankers (NASDAQ:PXS, NASDAQ:PXSAP, PXSAW) previously, so investors should view this as an update to my earlier articles on the company. Two months ago, I downgraded shares of small, Greece-based product tanker operator Pyxis Tankers or “Pyxis” due to corporate governance and capital allocation concerns after the company surprisingly decided…
MAGNIFIER About 10 days ago, Scorpio Tankers Inc. (NYSE:STNG), one of the largest product tanker operators in the world, released its Q2-2023 results showing strong figures. In this article, I will provide an analysis of the Q2-2023 earnings and I will explain why I believe Scorpio Tankers is a good BUY opportunity. If you are…
Editor’s note: Seeking Alpha is proud to welcome ZY Capital as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » joeygil Investment Thesis and Recommendation Okeanis Eco Tankers (OTCPK:OKENF)…