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| DON'T BUY | 10.410 | Darren Sissons | There are some issues happening with regards to the shipping industry. On the container side you have overcapacity. 2010 was a record year but 2011 was a very poor year and you are generally starting to see freight rates climb. There are others that he would prefer. | 2012-04-12 | |
| WAIT | 11.160 | Jeff Parent B. Eng. FCSI | Have to be careful about the type of things that are being moved around. Trading from $10 to $13. It could be a leading indicator for the economy. Maybe at $14. | 2012-03-23 | |
| Comment | 10.090 | Hap (Robert) Sneddon FCSI | Chart shows big downtrend from early 2010. Seems to have a bottom at around $10. Shipping rates have come down dramatically because of large, large ships being built that are the equivalent of 2 so make sure this company has these. From a risk/reward standpoint, you could take a stab right around the current price and at this price should work out. | 2012-02-23 | |
| BUY | 12.210 | Lorne Steinberg | Huge capacity of extra ships coming online. All of these guys are loosing money. Good news is that every year ships get scrapped because they are not efficient. There are a record number of new ships being ordered. 2011 will turn out to be the bottom of the trough for them. Because of Iran, a lot of buyers of oil will have to buy oil by ship, which will be a net benefit for these guys. | 2012-02-08 | |
| Comment | 9.290 | Norman Levine | Largely a bulk carrier under a US flag giving them the right to ship from one US port to another US port. Commodity market has been in oversupply which has hurt them. At some point it will be okay. | 2011-12-14 | |
| WEAK BUY | 14.340 | Hap (Robert) Sneddon FCSI | All the indicators are pointing down. But we have a couple of times it hit the bottom of the chart. It looks like it wants to go higher. It looks like the worst is over. Probably a good risk/reward | 2011-11-15 | |
| PAST TOP PICK | 14.350 | Richard Fogler | (A Top Pick July 22/11. Down 41.47%.) Still buying this. Oil tankers are not going to improve until at least next year at best. Long term hold. | 2011-11-14 | |
| HOLD | 13.050 | Lorne Steinberg | A survivor in a very tough industry. Suffering from high oil prices and Libya is not shipping oil. You have to sit with this company. He added to his recently. | 2011-11-01 | |
| STRONG BUY | 16.560 | Lorne Steinberg | Just added to it. Has been a huge amount of insider buying. Looks like this will be the bottom quarter for them. Worst appears to be over. Looking for upside surprises. Addition of Libyan oil to the market will bring prices down for oil and be a benefit for OSG. | 2011-09-20 | |
| DON'T BUY | 18.430 | Karl Berger | Has a lot of head winds to it. Oil tanker business is over developed over the last couple of years. IF we have slow growth in North America it wont bode well for a stock like this. Not a great balance sheet. Keystone will have an impact on tanker shipping North South. But it appears to be cheap. | 2011-08-30 | |
| TOP PICK | 25.320 | Richard Fogler | Contrarian play. It’s a long-term (3-5 years) play. It is the largest oil tanker company in the world. Oil prices have nothing to do with their rates. What matters to them is the supply/demand balance and number of ships out there. New ships are coming on this year and next. Tangible book value of $65. He thinks it is a triple over 3 years. | 2011-07-22 | |
| TOP PICK | 25.860 | Lorne Steinberg | Largest shipper of crude oil globally. Very cyclical business and the only time you should buy them is when they are losing money, there is overcapacity and everything looks terrible. Dividend in the 7% range. A lot of insider buying. | 2011-07-14 |
