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Their numbers are incredible. The dividend is very atractive.
Now I'm not sure if oil tankers are thing of the future. Seems a small-growth business to me hence the low P/E and high divy.
Their business may not grow as much as the global oil demand:
-Increase in pipelines capacity (Turkey will open the new Baku-Ceyhan pipeline, some projects of pipelines between Iraq and Israel, between India and Iran etc).
-Increase of oil exploitation in the Artics. Ironiacly the global warming caused by the use of fossile fuels is melting the ice cap, which wioll allow even more extraction of those fossile fuels.
Russia, Norway and Canada are already claiming for the Artic's seabed.
This is something you want to consider if you plan to hold long term. In the short or mid term there is little impact since these projects are evry slow. It can be a relatively safe play for a period of 6 months to 1 years and half.
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