CMBT Is Not Euronav Anymore: What This Ticker Actually Represents in 2026
LISTEN In 2024, Euronav ceased to exist as an investment thesis. The company now trades as CMB.TECH under the ticker […]
Stock Analysis
Company and ticker analysis for tanker stocks
International Seaways Extends Poison Pill to 2029 and Sets the Fair Value Line at $95
LISTEN The stock trades around $76. Management just told the market they will not accept a buyout below $95. Track
Ardmore Shipping ASC: The Product and Chemical Tanker Stock Nobody on the Watchlist Is Talking About
LISTEN Ardmore Shipping operates 26 tankers. Not one analysis has been written about it on this site until today. Track
Stock Analysis
Scorpio Tankers Raises $375M in Convertible Notes, Buys Back $100M in Shares: What It Means for STNG
Scorpio Tankers launched a $300 million bond offering last Monday. Investors asked for $375 million. That is where the real story starts. On April 7, STNG announced a $300 million…
Tanker Stocks P/NAV Scorecard: April 10, 2026
Imagine you are buying a used car dealership. The cars on the lot are worth $1 million in total. Someone offers to sell you the whole business for $800,000. You…
Stock Analysis, Tanker News
Hormuz Ceasefire Announced. 2,000 Ships Are Still Stuck.
What Happened A US-Iran ceasefire was announced this week. Shipping through the Strait of Hormuz is still basically at a standstill. As of April 9, only a handful of vessels…
Frontline’s 28 Open VLCCs Are the Real Story Behind FRO Stock Right Now
I keep coming back to the same number after my last piece on Frontline ( $FRO ). Not the $76,900 day rate. The other one. Twenty-eight. The number that keeps…
Market Signals, Stock Analysis
$FRO: Frontline Locked In a $76,900 Day Rate Before the War Started. That Looks Prescient Right Now.
I have been watching Frontline ($FRO) for a while now and I have to say, their Q4 2025 setup looks different in hindsight than it probably felt at the time….
Stock Analysis
Scorpio Tankers (STNG) Q2 LR2 TCE at $101,000/Day. 84% of Days Still Open
The Most Actionable Tanker Stock Catalyst Right Now On March 25, Scorpio Tankers released its Q1/Q2 2026 TCE rate update. Q2 LR2 vessels are booked at $101,000 per day with…
Bab el-Mandeb and Tanker Stocks: Why This Chokepoint Matters More Than Suez
Why Bab el-Mandeb May Be the Most Important Chokepoint for Tanker Investors Most investors focus on the Suez Canal when they think about shipping risk. But the more important pressure…