Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: fmikehugo	7/13/2009 11:59:07 AM
	Read Replies (2) of 206118

09:50 Tanker storage still high, but that could change should oil price curve flatten; stay with strong balance sheets - Lazard Capital Markets Lazard Capital Markets notes that should the oil price curve go into backwardation, it would be negative for spot tanker rates as some 56 mln barrels of crude and over 60 mln barrels of gas oil and diesel are on floating storage around the globe. Should the oil price curve flip from contango to backwardation, the fleet working storage could go back into the spot market and push spot tanker rates down. They anticipate that, over the long term, the recovery will include inflationary pressures and that the oil price will stay in contango, which may well steepen again by Q4; thus, storage on tankers may be a fixture for some time. They continue to believe the best balance sheets will survive the tough times better than the more levered and can grow as asset values trough. They reiterate their Buy on OSG, Hold on TK and Sell on FRO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next