Another form of oil shock, link here. ALready have supply constarints with refineries offline. I have not come to definitive understanding, but the tanker group is WEAK, and have been since March!?
My thinking is if OIL is HOT so should those be who transport it! Why so their stocks dragging ass? Are the tanker group exhibiting weakness because the price of oil will fall, and or demand isnt keeping up with entry of new fleet of tankers? No ONE else talking about this.
Market coming up to bugaboo OCT seasonal weakness, help off in Sept, I think table is set for a nasty Oct, but if not we shouldn't get strength at end of year without at least coming down to a nice oversold short term bottom.
Duratek
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