Mar. 5 at 9:29 AM
$DHT $FRO $NAT
Tanker gang, we're just getting started.
If this is helpful to you, tap @NasdaqKnight
Current Prices:
$DHT:
$18.82 (-2.26% today, but up huge from last week)
$FRO:
$36.55 (-1.59% today, consolidating after the rip)
$NAT:
$5.78 (flat, volume surging 8.45M vs avg)
The Play:
Strait of Hormuz chaos = over 200 tankers stalled, ton-mile demand exploding . VLCC rates just hit 360 points—
$10-11/bbl freight, literally DOUBLED .
The Trade:
DHT just fixed a 2003-built Suezmax at
$25M and a 2011 vessel at
$105K/day . This filters through next quarter. FRO leads the space. NAT insiders buying at
$5.70 .
If you're short energy or long DIA, this is your hedge. Next leg up loading.