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Optimism a theme at Marine Money Week

Published 06/20/2018, 03:27 PM
Updated 06/20/2018, 03:27 PM
© Reuters.  Optimism a theme at Marine Money Week

© Reuters. Optimism a theme at Marine Money Week

  • The latest update on Marine Money Week is in from J. Mintzmyer of Value Investor's Edge.
  • Minztmeyer says optimism has returned to the shipping sectors with several industry players in the crude tanker space cautiously optimistic, including DHT Holdings (NYSE:DHT) and International Seaways (NASDAQ:INSW).
  • A product tanker panel is about to convene, which includes participants from Ardmore (NYSE:ASC), d’Amico, Team Tankers, and Chembulk are taking part of a product tanker panel, but Scorpio Tankers (NYSE:STNG) and its ultra-bullish CEO Robert Bugbee are missing from the scene.
  • As part of the closing festivities, analysts will be invited to share their “top pick” in the sector for the next year. Participants include JPMorgan (NYSE:JPM), Citi, Morgan Stanley (NYSE:MS), Jeffries, and 4 others. Mintzmyer has also been invited to share his idea with the group.
  • Related shipping and tanker stocks: TNK, STNG, NM, NVGS, EURN, NAP, KEX, GLNG, SSW, FRO, CMRE, NVGS, DHT, GNK, DRYS, DSX, EGLE, NAT, ASC, SALT, EGLE, SB, NAT, NMM, KNOP, PANL, DAC, SFL.
  • Now read: Costamare: Buy The Reversal


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