‘Buy the weakness:’ Jon Chappell on why tankers still have a long way to run

Evercore ISI analyst Jonathan Chappell told investors last January that it was time to buy into tanker stocks.

Boy was he right, as equities generally doubled to quadrupled over the course of the year, making the tanker sector one of the star performers of the entire stock market.

A second chance

Listen up investors: he’s telling you again.

Chappell’s new client note is called, “Tankers: Is It Done? No, It’s Only Just Begun,” and he has 10 pages of support for the notion that there is a second bite at the apple for investors who missed the first run-up, or exited when rates came off the boil in recent weeks.