30
Nov

Wrap – Week Ended 11/29/13

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Comments for last week will be included in the Monday post but in short it was, as expected, a fairly uneventful week (unless you're in shippping ... wow-big move in Capesize rates). 

Private Call Watch:  We have a private call with OEDV on Wednesday, December 4th at 1 pm EST.  1 hour of presentation and Q&A with CEO Kim Bradford. Space is limited so dial in 10 minutes early. 

Have a great rest of your Thanksgiving holiday; we'll see you on Monday. 

wrap 112913

10 Responses to “Wrap – Week Ended 11/29/13”

  1. 1
    tomdavis12 Says:

    Z: What do you consider to be the quality name in the shipper space?

  2. 2
    zman Says:

    Tom – it's been so long and few of the Greek names were, um, quality, that I'd have to do a little DD before commenting. Don't yet know what caused the big spike in Cape rates, see here: http://www.dryships.com/pages/report.asp

    Maybe thoughts on Black Friday did it? Dunno. 

  3. 3
    Mark Wetzler Says:

    Tom,   The shipper space really needs to broken down into types of product carried. An LNG ship really has no connection with a dry bulk nor does a petroleum products carrier have much in common with a crude tanker. I've had success with CKH, STNG; SBLK, NNA, ANW, BALT. They all seem to be be raising equity cap. so I often buy on the news of a new deal usually in O/N session.

  4. 4
    Mark Wetzler Says:

    I reread my post and should have been more specific when I used "they". I trefers to the whole sector not the symbols I posted, although some of those have raised equity recently as well.

  5. 5
    zman Says:

    re 3 – I assume he was talking about the dry bulks like DRYS, EGLE, DSX, NM, who have exposure to the Capesize, Panamax sizes and not the VLCC type tankers or LNG tankers. We used to follow the group more actively about 5 years ago and we've kept tabs on dayrates since in the wrap, waiting for them to move up. There have been a couple of starts and stops, but this would be by far the biggest headfake yet. We'll try to pin down the source of the move in rates and update the group valuations as warranted. 

  6. 6
    zman Says:

    The blotter is updated:

    http://zmansenergybrain.com/subscriber-data/zeb-zlt-blotter/

  7. 7
    tomdavis12 Says:

    Z & Mark – Thanks. Always looking for good yield with wind in the sails

  8. 8
    zman Says:

    re 7 – will be doing some very basic work on that area soon. 

  9. 9
    zman Says:

    HSBC China PMI at 50.8, up from flash read of 50.4

  10. 10
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