Simba

[Simba @anonymouskeepit]

@atelicinvest @ed_fin Think most market participants are expecting a bit of a flush on the initial hormuz opening headline due to beta with crude but that would be likely be the buying opp.

[Simba @anonymouskeepit]

@atelicinvest not long any at the moment. In the case of a reopening, would probably be most interested in VLCCs vs midsize crude, especially if the iranian trade returns to compliant vessesl vs the dark fleet. @ed_fin is probably the best resource re: that specific scenario

[Simba @anonymouskeepit]

@blondesnmoney Nice call. At what price or change in circumstances would you flip bullish?

[Simba @anonymouskeepit]

@KarstResearch Brokers as well? I know $BRO is still digesting the recent acquisition but it is at 10y lows in terms of valuation I believe.

[Simba @anonymouskeepit]

@atelicinvest Think you have to differentiate between the subsectors within tankers. I'd still argue that a full reopen is good for both VLCCs and the stocks. supply/demand dynamimcs are bullish for that class and the restocking of inventories should provide support for the market for a while.

[Simba @anonymouskeepit]

@Randall7575 @taobanker are you talking about the late april sales? They sold up near 240 which honestly I would have as well. Clint's been a seller throughout the years and is like 90. don't think it is too material

[Simba @anonymouskeepit]

The seller last week in $PNRG may be providing a gift of an entry, especially with oil rallying again. Q1 results were bad but solid management, predictable capital allocation, and a relatively cheap entry at ~180 makes this attractive.

[Simba @anonymouskeepit]

@taobanker @Randall7575 yea and not many swaps either. like a fifth of volume. agreed with tao, don't think there's a way out of the neg gas situation

[Simba @anonymouskeepit]

@dalibali2 I see 14% borrow

[Simba @anonymouskeepit]

@Dpro2298 Is this basically the same as the COR1M index from CBOE but with additional tenors? Approaching Jul/Aug 24 levels I believe

[Simba @anonymouskeepit]

@taobanker set up that prompt as a skill so you don't have to keep copy and pasting

[Simba @anonymouskeepit]

@stockthoughts81 MSCI rebalance

[Simba @anonymouskeepit]

@iBladesi yea small weight though. think its like a bottom 5 or 10 position.

[Simba @anonymouskeepit]

@Amstal2 @taobanker @stockgutter Volume hasn't really been that high either and dont see short interest rising. Think this may just be an aggressive liquidator and then stops getting hit.

[Simba @anonymouskeepit]

@Amstal2 @stockgutter I've traded in and out of it. Just bought back in yest and adding today. Write-up was wrong regarding their well output which i think was the cause of the decline in late 25. Results look decent now and at 160 think it is decent value. @taobanker may have additional thoughts

[Simba @anonymouskeepit]

@CoorsLightCEO Marine Park is decent if you get lucky with the subway/bus transfer. considerably cheaper vs dyker as well

[Simba @anonymouskeepit]

@baytothebay Thanks for the catch, I was using the same conversion price for the 2L Renesas converts and the Non-renesas but they have unique conversion prices. your estimate is more accurate.

[Simba @anonymouskeepit]

Has anyone done the math out on roughly how many shares the convertible holders need to short to be hedged in $WOLF? Live short interest data is showing ~32m and, by my math, if Renesas isn't hedging, there are ~37m shares worth of converts that need to be hedged assuming all convert holders are hedging full delta. Is the overhang almost gone?

[Simba @anonymouskeepit]

@BillyTheKid_59 @peter_mantas Published on substack; here is the link: https://t.co/bH0KIbVF30