In a report headlines “Believe” analyst Jonathan Chappell questions why tanker stocks are not flying higher in a red hot market.
“Tanker cycles are volatile, and often violent,” he said. “The downturns have historically outpaced the upturns in duration and, frequently, magnitude.
“However, these volatile movements are still cycles, not blips or flashes in the pan, and it is about time that investors start to give credit to this current cyclical upturn, rather than waiting ‘for the other shoe to drop’.
Chappell
