Will hold and sell it within the next 6 months
Reasons:
1.
Every contract they earn 60 000 - 70 000 a DAY it costs them 8000, 52 000-62 000 profit a day per ship they have 23 of them.
2.
There contract last 6 months so regardless what oil costs the next 6 months will be pure profits in earnings reports.
Selling 50% past 25$.
Low risk- potential 35-60$.
Reasons:
1.
Every contract they earn 60 000 - 70 000 a DAY it costs them 8000, 52 000-62 000 profit a day per ship they have 23 of them.
2.
There contract last 6 months so regardless what oil costs the next 6 months will be pure profits in earnings reports.
Selling 50% past 25$.
Low risk- potential 35-60$.