International Seaways Added

By on March 25, 2020

INSWThe oil tanker companies were in the middle of a strong bull market when the coronavirus scare caused all stocks to crater. Industry daily rates are still very high historically due to the oversupply of oil. This will end at some point in the future, but until then, companies involved in this sector will be strongly profitable.

Therefore, a position was initiated in the International Seaways (INSW) today at $19.54. INSW now represents approximately 0.8% of the SMA portfolio.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of individual securities or low cost, broadly diversified index funds. Past performance has no relation to future performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

2 Comments

  1. Montresor

    March 31, 2020 at 12:58 pm

    https://seekingalpha.com/article/4335176-buoyant-market-for-shipping

    A good article on the bullish thesis of the oil tanker market and stocks.

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