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Barry Parker Commentaries

Tanker nerds running amok

Jan 26, 2015
Click here to access Tanker nerds running amok

These are heady times for oil and tanker nerds; energy company credits, U.S. oil and gas exports, the tanker market, and the crude oil markets were all covered in a series of online and live events last week. While the experts (that sounds better than nerds!) were parsing API gravities and Worldscale points- tanker owner Euronav was upping the size of its equity offering, and DryShips was readying a spinout of its tanker fleet. On the sidelines, there are whispers about other groups (from both the shipowner and PE camps) itching to liberate regulatory filings from their word processors and activate those computer links to the SEC. Oh, in the middle of all this, news reports came in reporting the demise of King Abdullah, in Saudi Arabia.

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