$1.28
0.20 (+18.52%)
DHT Maritime, Inc. (NYSE:DHT)
CAPS Rating:
The Company is engaged in the ownership and operation of a fleet of double-hull tankers.
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The Company is engaged in the ownership and operation of a fleet of double-hull tankers.
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This is looking like a bottom for DHT. I believe that the negatives (oversupply, dividend cancellation, recent poor earnings)--while very real, are more than adequately priced in. Could take some time to see income improvements, but I'm not waiting around any longer as the stock price will likely move first.
I see this stock is again near its lows. It had reached these lows when it had a dividend. Now that it no longer has a dividend, I think it can streach a little lower over the next three months.
There is over capacity in the tanker business. Frontline (FRO) is using some of its tankers for storage, for heavens sake. FRO still has a dividend and is coming off its lows.