- Marine Money Week wrapped up in New York City yesterday with a bullish vibe seeming to return to the beat-up sector.
- J. Mintzmyer of Value Investor's Edge says the key topic underpinning the conference was the upcoming 2020 low sulfur regulation with vigorous debates over whether or not scrubbers are an economic solution. He says LNG is a favorite followed by product tankers, while optimism is "quicky growing" on crude tankers ahead of the OPEC meeting.
- Top analyst picks from the conference included DHT Holdings (NYSE:DHT), Navigator Holdings (NYSE:NVGS), Hoegh LNG (OTC:HOLHF), Golden Ocean (NASDAQ:GOGL), Scorpio Tankers (NYSE:STNG) and MPC Containers (OTCPK:MPZZF). J Mintzmyer presented Navios Maritime Partners (NYSE:NMM) as his top idea. The overall top audience choice was Navigator Holdings (NVGS) as pitched by Randy Giveans of Jeffries, who sees around 50% upside amidst several growth catalysts and improving LPG conditions. Add your own top pick to the comment stream.
- Related shipping and tanker stocks: TNK, STNG, NM, EURN, NAP, KEX, GLNG, SSW, FRO, CMRE, NVGS, DHT, GNK, DRYS, DSX, EGLE, NAT, ASC, SALT, EGLE, NMM, KNOP, PANL, DAC, SFL, NM, SB, TK, TGP, LPG, GLOG, EURN, TNP, NM.
- Now read: Financial Exchange Stock Talk: J Mintzmyer On Teekay LNG Partners
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