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value1008

05/13/20 4:33 AM

#2263 RE: JAGNYC #2262

Sure, the investment thesis here is the economy not coming back in any kind of "V" shape, and cont'd over-productive supply of oil relative to the dramatic plunge in demand, which isn't coming back to robust strength any time soon.

Plus, there's about a 0.50 divi coming along in Aug, and likely a fantastic Q2 earnings report and healthy earnings in quarters beyond that in a tanker-shipping market that won't have nearly enough vessels in the VLCC class to handle the need for storage and transport.