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October 2, 2020

On Inflection Investing…

Published by Kuppy at October 2, 2020
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Over the years, I have spent a lot of time talking about “inflection investments,” but have never really given a playbook for how to approach this genre of investments.  Given the number of questions I have received about various investments, clearly, I should have put out some guidance to invest by. What is an inflection investment? This is a situation where some dynamic piece Read More
Categories: Investment Strategy
Positions Mentioned: EURN, LPG, STNG, TNK
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June 24, 2020

Ready For The Re-Bal???

Published by Kuppy at June 24, 2020
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I frequently hear investors say that “there’s no such thing as free money in the markets.” I’d argue that those people are simply lazy. Once a year, the Russell Indexes re-balance. It’s rules-based and as the indexes and closet indexers get larger, the percentage of a company’s float involved gets larger. In many cases, 20% to 40% of a company’s total float changes hands Read More
Categories: Investment Strategy
Positions Mentioned: TNK
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March 19, 2020

Crude Contango…

Published by Kuppy at March 19, 2020
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Over the past week, I have taken my bullishness on tankers from level 10 to 11. It started with the Saudis busting out of the cartel formerly known as OPEC+ in order to dump oil and crush US shale, but it has progressed far beyond that as various US cities went into lock-down. Fair warning, I’m going to generalize, I’m going to round some Read More
Categories: Investments
Positions Mentioned: DHT, EURN, LPG, STNG, TNK
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March 13, 2020

What Crash?? Buy Tankers…

Published by Kuppy at March 13, 2020
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Long-time readers of this site know that I have a sweet spot for tankers. This is because I know from experience just how volatile they can be to the upside. Meanwhile, with a few exceptions, they trade at the largest discounts to NAV that I can remember, giving you an incredible margin of safety—especially with repaired balance sheets and charter rates spiking to all-time Read More
Categories: Investments
Positions Mentioned: DHT, EURN, LPG, STNG, TNK
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February 2, 2020

Tankers Are Tanking….

Published by Kuppy at February 2, 2020
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Yeah, I know. The past few weeks have been miserable for tanker longs. As a good friend keeps reminding me, “Tankers take the escalator up and the elevator down.” He should know, as he’s been investing in shipping since long before I was born. At moments like this, I like to analyze what has changed and see if the thesis has been altered. Let’s Read More
Categories: Investments
Positions Mentioned: DHT, EURN, STNG, TNK
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