Overseas Shipholding Group, Inc. (NYSE:OSG)
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A shipping Company which is engaged in the ocean transportation of crude oil and petroleum products.
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A shipping Company which is engaged in the ocean transportation of crude oil and petroleum products.
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I like the fact they have a strong balance sheet, pay a good dividend, and are well managed. They are one oil price spike away from being profitable and I'm willing to buy at this level and wait it out (while collecting my dividend).