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Betting on Tankers
Last week it was dry bulk. This week, all the fuss seems to be revolving around the tanker market. A Wall Street Journal “Money & Investing” section cover story on the popularity of shorting tanker stocks drew some attention. As did a bearish report from R.S. Platou, a much-talked-about, products-focused IPO from Aries Maritime, positive reports form Jefferies and Banc of America and tanker stock coverage initiations from First Albany. So what, exactly, are the arguments going around, and of what should tanker market players and their financiers be aware?
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Tags: · Aries Maritime, Arlington Tankers, Banc of America, Banc of America Securities, Charles De Trenck, Citigroup Smith Barney, Craig Irwin, Daniel Barcelo, Douglas Mavrinac, Erik Andersen, First Albany, General Maritime, Jefferies, Jefferies & Company, Knightsbridge, Magnus Fyhr, OMI, Philippe Lanier, Pierre Sargeant, R.S. Platou, Ship Finance International, Teekay, Wall Street Journal
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