Alirio Sendrea of Invexcel presented his investment thesis on Euronav (Belgium: EURN) at European Investing Summit 2021.

Thesis summary:

Euronav is the world’s largest publicly listed crude oil tanker operator. The company owns a quality fleet of large crude carriers (VLCCs and Suezmaxes), operated by an experienced management team focused on value creation.

In this presentation, Alirio walks us through the tanker industry’s supply-demand dynamics and explains why Euronav is well-positioned to take advantage of the industry cycle.

For additional background, see Alirio’s article on oil tankers, dated October 2019.

Also, see Alirio’s recent article on areas of concern in a speculative market.

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About the instructor:

Alirio Sendrea, CFA is Head of Research at Invexcel, a multi‐family office based in Spain. He is a generalist investor in European Equities with 17-years of experience in Financial Services, Shipping, Information Services, Alcoholic Beverages and Business Services, working with entrepreneurial families and leading global companies.

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