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Re: was hotlinktuna post# 357566

Friday, 02/11/2005 10:02:26 AM

Friday, February 11, 2005 10:02:26 AM

Post# of 704019
OMM - Keep in mind that the period they're reporting for saw almost unbelievable rates, much higher than can possibly be sustained.

In December, VLCC rates went way over $200k/day, and they came back to $30k/day in January (I think they were $80k/day last I noticed).

I'm actually optimistic on the tankers. I have made a lot of money on OMM, and currently own quite a bit of FRO and SFL.

FRO should be announcing their even-more-spectacular earnings very soon. They also will be announcing that most of those earnings will be paid out as dividends, and that they will be spinning off more, if not all, of their remaining share of SFL. In other words, I'd say FRO is the better bet right now...

Hard work often pays off over time,
but laziness always pays off right now.

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