I have been waiting for this group to make its move with the recent developments in oil and I believe the time has come. 8) Wanted to give everybody the heads up. I will post some charts on these.
Oil Shipping stocks:
OMM FRO OSG GMR TK (these look very strong to me technically)
TOPT VLCCF KEX MCX TMM SFL TNP SNSA TMM...many more
Great info here on the group and a good place to find other shipping stocks. ;)
yahoo shipping link: http://biz.yahoo.com/ic/775.html
hmmm..i wonder if we will see some consolidation in this group...just a thought ;)
Hey Ramsburg, if you get a chance to I think this topic might go better in the stock talking board. ;) thx
What I noticed is shippers are more closely related to oil capacity levels here in the US, despite what the oil price does. I agree that they are due for a bounce, (I like OMM) but if you look at the causes for thier decline I think you will see that every Wed morning they took a hit, when oil capacity levels here in the US were reported to be record high levels. In my opinion this is indicative of how much speculation is already happening. As David has said, this is a bubble, and I don't mind getting involved with it as long as I realize it could burst at any time. It's all B/S, and one of these Wednesdays we are all going to realize it. IMO
Hi EliteG,
I'm very bullish on Shipping stocks as well. Like oil stocks they are traded at very low PE levels having in mind the earning growth.
Please allow me to add an exotic pick to your list: A.P. Møller - Mærsk. ;)
Maersk is the largest container shipping company in the world with a strong position in the tanker market as well. It is in the process of taking over P&O Nedloyd. What make it interesting though is that the other main leg in the conglomerate is Oil production and exploration in the north sea, middle east and Africa. The best of both worlds!
One warning though. the price per share is above $9500 and it is only traded in Denmark.
Cumulina might be able to help you getting hold on a few shares if your brooker can't trade Danish shares!
Mike
Mærsk is a lot of things, but I've never heard it called exotic, though ;)
The stock is horribly priced, buying just one would take almost all of Cumulina's pension-fund!
Off course - a couple of months ago I could have bought 2...
The company is very well run, and the owner runs a tight ship.
With the purchase of P&O, MAERSK B will be the largest container business in the world. (I think) They are also buying harbours around the world.
Next time you are on the road, look for the light blue containers with the white star...
If you guys just deposit the money on my account #xxx.xxx.xxx, I'll be happy to purchase the shares for you! I'm a VERY trustworthy person... >:D
Cheers!
group is doing well ;D
OMM - +1.63%
FRO - +1.99%
OSG - +1.20%
GMR - +1.91%
TK - +0.76%
When a group does well together early it can lead to strong moves. ;) These won't give you penny gains but if you are looking for something less risky this might be a good spot.
they continue ;D
OMM - +3.10%
FRO - +2.29%
OSG - +2.31%
GMR - +3.23%
TK - +1.95%
Who says these big $ stocks cant make you money?
OMM - +2.54%
FRO - +4.75%
OSG - +2.12%
GMR - +3.39%
TK - +1.35%
for the day
The best of the Oil Shipping group was TNP 6.21% wow :o
Should be a strong week for these guys, imo. ;)