4 Comments

Very good! About the retirement of old tankers: sanctions have created the dark oil fleet. I don't know any reason to believe that this will stop anytime soon.

The dark fleet is a new market for old tankers. The future is: more dark fleet, more oil spills as they fall apart.

Expand full comment

Thanks for your kind words.

That is a good point about the shadow fleets. Given the constantly rising geopolitical entropy, the shadow fleet will create a strong demand for retired tankers.

Depending on how deep the fragmentation is in the present Cold War, we may see an official two-tier tanker market. Let's see how it plays out.

Expand full comment

Very good one! The tecnical analysis comes to help on "the momentum " to build position. Kelys formula on the size position. So we have Fundamental+ valuation+ Momentum+ size position. 👏👏👏

Expand full comment

Thanks! This is how I look at my investing process: analysis, valuation, risk management.

We skip steps at our own peril.

Expand full comment