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.42 in after hrs
$0.4188 resistance
We are back to near 42 cents in after hours
Excellent trading stock .34-36 = .415-427
IMPP straight pos. If this is dilution they can go to HELL.
Suezmax :
12th Aug.: Vessel fixed on subjects to US Oil Major for voyage from Mediterranean to Asia. Time Charter Equivalent (TCE) about USD 60,000 over 35 days
Supply and Demand... And right now there is still high demand. So, there is a correlation as he said. Not today because they operate off of contracts, but as he said there is a relationship in the big picture.
Wishful thinking..
That's right! Didn't you sell? Are you chasing? $IMPP
i might go long again if it does lol
.36 coming soon
The chart is actually holding up fairly well today under the circumstances. I'm not seeing any large sellers in the wing outside of that moron at 42 cents
it broke 42 not long ago and slowly back to .34...noone trusts harry
Decent bids entering near .41
I mean... we all know this thing sells off every time it approaches $0.42. I was just hoping today it would have broke through and held as new support. The chart looks hood for once
That's not what Harry said in his interview. He said that the price of crude oil definitely impacts what they are able to charge the transport crude oil. The higher crude oil goes, the higher the Service rates are. I'm just telling you what was stated in the interview
crude prices? doesnt matter B..we are a transport company and our RATES are up 500%
I know, that was a beautiful candle. Typically when this stock has a nice candle, the following day it has another one so let's just see what happens this week with crude prices on the rise again
TRADERS PARADISE IMPP
But yeah that seller at 42 cents killed the momentum. Pretty stupid to put a sale price at that level when that is resistance
I don't think we could hold over .50 any time soon. Not with this flipper crowd. We need a couple 100M days to clear most of them out. Look at them chew down that big green candle that was made. $IMPP
Someone has a very purposeful cell in at 42 cents that is scaring newer investors into purchasing. That's because 42 cents is a technical breakout. I'm just going to let it churn
sellllllllllllllllllll
$0.42 double top breakout occurs and we get a new level of support
Need to just break up and through 42 cents for good
Yup
I did nothing but hold on and I'm still holding. Looks like investors are finally figuring it out
IMPP looking REAL nice today
$0.42s up
oops what? i INVESTEd in this pos 1.28
Like ants at a picnic. There goes our green. $IMPP
Sorry for those that sold in the .34-35 range, they’re sucking it big time..
SEEN THIS WAY TOO MANY TIMES...GL
Harry buy some ships? Somebody thinks this is cheap. $IMPP!!!
11.5M shares traded in 1st half hour. Looking good. $IMPP!
pos is so manipulated and NEVER holds gains
Hope everyone got their bags packed. Gravy Train is leaving the station. Nice Pop! Hold for Gold! GO $IMPP!!!!
Pre-market looks good. If only we can hold on to the gains. $IMPP
noone trusts dirty harry
I guess 190M shares is considered bloated compared to other oil tanker stocks. Many I've looked at had only around 50M give or take. Still we should be trading higher than this. $IMPP
GLTA not enough correspondence on the board. Tight circle I guess.
Many other impp investors like you chatting on Stocktwits! Peace
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ABOUT IMPERIAL PETROLEUM INC.
Our Business Strategy
Our business strategy is focused on providing consistent stockholder returns by timing and structuring acquisitions of vessels and by reliably, safely and efficiently operating our vessels. We continuously evaluate purchase and sale opportunities, as well as employment opportunities for our vessels. Key elements of the above strategy are:
• | Renew and Expand our Fleet. We expect to grow our fleet in a disciplined manner through timely and selective acquisitions of quality vessels. We perform in-depth technical and condition assessment review of each potential acquisition and only purchase vessels as market opportunities present themselves. We focus on purchasing secondhand vessels, newbuildings or newbuilding resales based on the evaluation of each investment option at the time it is made. |
• | Optimize Charter Mix. In the current product tanker and crude oil tanker charter market, we are mainly focusing on short to medium term charters, including time and bareboat charters, of one or two years. As the charter market changes and we grow our fleet, we may continue to adjust our chartering strategy to include longer duration term charters or a higher percentage of spot market charters. We seek to |
ATHENS, Greece, May 27, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (NASDAQ:IMPP) (the "Company") announced today that it has entered into an agreement to acquire two suezmax tankers, built at Hyundai Samho in 2007 and at Samsung Heavy Industries in 2008, with an aggregate capacity of approximately 320,000 dwt, from an unaffiliated third party for an aggregate purchase price of $46.8 million, with delivery expected by mid- June 2022. The Company expects to finance the purchase price with cash-on-hand and new senior secured bank debt. This transaction is indicative of the Company's substantial financial resources to consummate new vessel acquisitions due to its high level of available cash raised from its recently completed public offerings. This agreement is consistent with the company's plan to continue its fleet expansion.
ABOUT IMPERIAL PETROLEUM INC.
Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services. The Company owns four M.R. product tankers and one Aframax oil tanker with a total capacity of 305,804 deadweight tons (dwt) and has agreed to acquire one additional product tanker and two suezmax tankers with expected delivery by mid-June 2022. Following these deliveries Imperial Petroleum will own a total of eight tankers with an aggregate capacity of approximately 682,000 dwt. Imperial Petroleum Inc.'s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols "IMPP" and "IMPPP", respectively.
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charter our vessels to high quality charterers as we have done in the past such as national and independent oil companies, energy traders and industrial companies. |
• | Operate a High Quality Fleet. Our primary focus is the operation of medium and large-sized product tankers and crude oil tankers, and as we grow our fleet in the future potentially add vessels in other seaborne transportation sectors that we assess as exhibiting favorable market conditions. We believe that owning a high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable charters. We limit our acquisition of vessels to those that meet rigorous industry standards and that are capable of meeting the stringent certification requirements of major oil companies. We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel. |
• | Maintain Financial Flexibility. We intend to use bank debt to partially fund our further vessel acquisitions and which we hope will increase financial returns for our stockholders. We intend to manage our balance sheet to maintain an adequate level of liquidity and actively assess the level and maturity profile of debt we incur in light of the level of cash flow generated from our chartering strategy and our efficient operating cost structure. We have moderate leverage which we believe will well position us to obtain additional financing and grow our fleet by pursuing selective acquisitions. |
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