Wednesday, May 6, 2020

Oil Tankers: UK Asset Manager Building A Position In EuroNav (EURN)

Following up on Monday's "ICYMI—Shipping: "Tanker Rates Crash as OPEC+ Cuts Near. Tanker Owners Reman Bullish""
From Splash 24/7:
UK asset manager M&G has now built up a 5% shareholding in Euronav, the Belgian tanker giant revealed today in a stock disclosure.
Last year M&G emerged from Prudential and listed on the London Stock Exchange.
Euronav’s shareholding has been changing a lot in recent weeks....MORE
For the second day in a row the stocks were hammered with seller initiated transactions (another way of saying "There's a bid? Hit it!)

EURN Euronav NV daily Stock Chart

FRO Frontline Ltd. daily Stock Chart

TNK Teekay Tankers Ltd. daily Stock Chart

 (all via FinViz)