The Value Investor's Edge Live #24 Reviewing the crude tanker markets with Euronav (EURN) CEO Hugo De Stoop
Hugo De Stoop, CEO of Euronav (EURN), a leading crude tanker company, joined J Mintzmyer's\xa0Value Investor's Edge Live\xa0on Nov. 10, 2020, to discuss the crude tanker markets and forward opportunities and capital allocation priorities for Euronav. This interview and discussion is relevant for anyone with crude tanker or product tanker investments, including Ardmore Shipping (ASC), Diamond S Shipping (DSSI), DHT Holdings (DHT), Frontline (FRO), International Seaways (INSW), Navios Maritime Acquisition (NNA), Nordic American Tankers (NAT), Scorpio Tankers (STNG), Teekay Tankers (TNK), Tsakos Energy Navigation (TNP) and Torm (TRMD).
Topics Covered
(1:30)\xa0Latest market views, signs of optimism?
(5:40)\xa0Demolition dynamics? Chance of increased scrapping?
(8:50)\xa0Older vessels still selling? Economics of trading?
(12:20)\xa0Reduced scrapping due to over-optimism?
(17:30)\xa0Capital allocation priorities now?
(21:30)\xa0Internal calculations/logic for share repurchases vs. growth?
(24:30)\xa0Review of ULCCs and older Suezmaxes?
(29:50)\xa0FSO joint venture, economics and refinancing?
(35:40)\xa0Which assets are most attractive to buy today?
(38:10)\xa0How much of the $1.2B is required buffer?
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