Harris Kupperman of Praetorian Capital shared his perspective in a Q&A session at our special event, Intelligent Investing in Crisis Mode 2020.
Harris presented his bullish thesis on oil tanker companies, arguing that the low spot price of oil, coupled with the large contango in oil futures, provides an ideal environment for tankers to store oil at exceedingly high rates of return.
We touched on several companies during the conversation, including DHT Holdings (NYSE: DHT), Euronav (NYSE: EURN), Dorian LPG (NYSE: LPG), Scorpio Tankers (NYSE: STNG), and Teekay Tankers (NYSE: TNK).
Harris has written up his thesis in a blog post at AdventuresInCapitalism.com.
Replay this session (recorded on March 20, 2020):
About the instructor:
Harris Kupperman has been investing in the markets for more than two decades. He founded Praetorian Capital in 2003. Harris also serves as CEO of Mongolia Growth Group (Canada: YAK, US: MNGGF). Harris blogs at Adventures in Capitalism. He is also active on Twitter.The content of this website is not an offer to sell or the solicitation of an offer to buy any security. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this website. BeyondProxy’s officers, directors, employees, and/or contributing authors may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated herein.