DHT Holdings Inc (DHT)

[MisterEC]

The whole tanker industry is being hit hard in this market. Tanker stocks are always volatile. I bought more

This is the analyst I am following J Mintzmyer, Premium Contributor

"DHT management has been very conservative recently. They were talking about rates temporarily peaking (note their cycle chart in their presentations) even in late 2015 and early 2016.

Unlike some of their peers, they have a clean balance sheet and they don't resort to PR 'spin.'

The "past 18 months" referring I suppose to Jan15-June16 were a fantastic run. If the market truly expected the next 18 months to be remotely similar, DHT stock would be $20+.

Management's statements were therefore very measured and fairly obvious. There have been a near-record # of VLCC deliveries in 2016 (2010 and 2011 were higher), but 2017 and 2018 will be lower and newbuild orders have plummeted.

Fleet dynamics for modern vessels (15-years or younger) are very balanced."