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Re: None

Monday, 04/20/2020 9:06:04 AM

Monday, April 20, 2020 9:06:04 AM

Post# of 648953
I have OIL but worried about some companies like RIG/DNR/CRC and have been putting money is bigger companies like DVN/ET that have good cash balances to whether the storm. I still have RIG but sold CRC as I think they are getting close to a potential BK. It just sucks but a bunch of companies are going to fold.

The tanker market is a great hedge though. FRO/NAT/DHT as they are RAKING in the cash right now. I have been following them for about 10 years and been waiting for this moment to buy in and wait a few quarters. They are going to pay out HUGE dividends and the stock price has got to follow. There was a an artcile posted earlier...a good average rate for the big tankers is around 50k and they are making 200-300K a day!!! It's insane and it's been ongoing for about 2 months so far. FRO CEO has come out and said they are going to be make a BILLION dollars in profit this year. I think these stocks are going to start moving FAST as earnings approach in May. IMO.

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