“I Have Never Seen Such A Strong Market”

Posted on April 26, 2020 by macromon

For oil storage.

Watch the CEO of Nordic American Tankers (NAT) quote Cramer $70k per day to lease an oil tanker.  Buy spot/sell forward and that arb should drive the forward/futures premium relatively close to the cost of carry.

Traded a lot of NAT back in the day.

This entry was posted in Crude Oil, Uncategorized and tagged , , . Bookmark the permalink.

1 Response to “I Have Never Seen Such A Strong Market”

  1. ASS MAN says:
    April 27, 2020 at 4:08 AM

    Right!

    In the most cyclical industry in the world!!!

    Reply

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