Could some crude-tanker stocks double from current prices by year’s end?
That may not be a popular view, but it is one held by Value Investor’s Edge shipping specialist J Mintzmyer, who let loose a bullish sector note on floating-storage dynamics Tuesday.
Sell-side equity analysts are underestimating the “legs” of a contango crude market that has a global oil glut seeking storage on dozens of tankers, Mintzmyer argued in remarks to TradeWinds Tuesday.
