Hi all I wanted to have a discussion on one stock in particular and then the entire oil market. Knightsbridge Tankers, VLCCF, is down 5% today with oil up. This goes strongly against what had been trends that when oil goes up the stock goes up. Does anyone have any insight why? The only recent information I received was that there was an AGR score that placed VLCCF in the 18th percentile among all North America rated by GMI. For a wider view, I think oil prices will keep going up. What are some opinions on the best way to play it if you think oil prices are going up? Any insight would be appreciated. Thanks
Crude oil & VLCCF although correlated, are mutually exclusive. Commodity vs equity. IF memory serves me, VLCCF's fleet is all of (5) aged tankers. Emphasis on aged. Like fine wine. The equity is at the top of a channel.