Announced earlier today (5/11)
- Rev of $74.6M
- Net income of $55.8M & Adj Net Income of $23.8M (Difference to effective hedging strategy)
- Dividend maintained @ 75c/sh
- TCE avg of $62627 daily
https://ml-eu.globenewswire.com/Resource/Download/a796ff5b-1…
The TCE avg suggests that fixed rate avg is probably $65K - $68K daily. While the company can remain with a fleet size of 13 tankers, I don’t see that
consistent with Fredriksen’s mindset. So, what’s the next step JF?
Monetized some gains in March and April 2022, the latter being quite timely.