Tanker stocks fell sharply in the third week of 2020, but that just means investors should stock up, analysts say.
In late trading Friday, crude and product tanker shares were down across the board, closing out a weeklong side that saw International Seaways fall $2.03, or 7.57%, to $24.77 and Scorpio Tankers dip $2.86, or 9%, to $28.77.
But Greg Lewis at BTIG remains bullish after a meeting with executives from both companies and dry bulk player Eagle Bulk.
