by Mariusz Skonieczny | May 1, 2020 | General
I started Classic Value Investors in the middle of 2008/2009 financial crisis. This is also when I wrote my first book. During my early years, I submitted my articles to various websites such as Gurufocus and Seeking Alpha. After some time I stopped submitting them....
by Mariusz Skonieczny | May 1, 2020 | General
As I explained in my previous article, the fight between bulls and bears continues when it comes to the oil tankers. The bulls are scratching their heads why the stocks are not going up. Some point out that they will after the earnings. I don’t think so. It is...
by Mariusz Skonieczny | Apr 30, 2020 | General
NASCAR just announced that it will resume racing on May 17. This should be fantastic news for Dover Motorsports which I covered here. The company also reported its Q1. “Our May NASCAR weekend has been postponed. While we do not yet have a date for the...
by Mariusz Skonieczny | Apr 30, 2020 | General
During normal times, the world produces 100 million barrels of oil per day and it also consumes about the same. The supply and demand are in balance. If there are any short term imbalances, the land storage serves as a buffer. Oil tankers are used to transport the oil...
by Mariusz Skonieczny | Apr 30, 2020 | General
It is very interesting how different people react to different things. When I was performing my due diligence on Scorpion Tankers, I noticed the following press release. Mar 10, 2020 MONACO, March 10, 2020 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio...
by Mariusz Skonieczny | Apr 29, 2020 | General
The daily movements in the stock prices of oil tanker companies are pretty wild. It seems like they can’t decide which way to go. This just shows you that there is a tremendous battle between the bulls and bears. The bulls say, “Look at how much money...
