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TNK had a 60% rally over January and February and is now in a beautiful supply absorption/consolidation phase. The host expects it to tighten up, rally, and break out higher. Same macro thesis as DSX — longer tanker routes from shifting oil supply chains will drive profitability.
Similar pattern to DSX: a 60% rally in January-February followed by a beautiful supply absorption phase. The 50-day moving average has contained the move for 3 months. Ross suggests entering around $75 with a stop at $70.50, risking about 6-7%, with potential to run back to $84+ on a breakout.