101–110 of 165 posts
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I would of thought holding Delta stock would have more than 10% upside if they don’t go bankrupt
He’s not talking about stock, and you’re right - their stock would have a far greater return. Potentially over 100% within a year.
https://outline.com/meyY6X
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If the oil tanker can hold 2,000,000 barrels at -$35/ barrel you are being paid $70 million to store the oil for a few months... Of course, the next question is who pays for transport to/from the tanker, labor, dock fees, employees in ship (unless you can simply "park" it for a fee)
Yeah, I was wondering. I think if someone had the experience needed to put this together quickly it would likely be profitable. It looks like most tankers are ~200,000 metric tons which at ~8 barrels per metric ton is roughly 1.6 million barrels. You also really only need to store it for a month, I think June futures are around $20 still, and so it's a diff of ~$60/barrel.
Barrels 2000000
lease cost / day $350,000.00
Barrel cost -$37
Take delivery profit $74,000,000.00
After 180 days storage $63,000,000.00
Sell/barrel $20
Net $51,000,000.00
This reminded me of the opposite story: https://thedailywtf.com/articles/Special-Delivery Tldr- commodities trader accidentally specified physical delivery for several thousand tons of coal; very surprised when the barges show up at their waterfront office.
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I'm not sure there's much of anything that will get the NIMBYs riled up more than a million barrels of crude.
Add blue collar people to the mix and it acts like a NIMBY rage multiplier. I'm picturing the movie plot now: A bunch of gulf coast fisherman, effectively unemployed by Corona hatch a plan to make a buck by taking advantage of the negative price of oil futures. They pool their resources and somehow get their hands on a derelict Venezuelan tanker, cheap because of favorable exchange rates, in order to take delivery of…
https://outline.com/meyY6X
Outline.com is intellectual theft of someone else's IP and their right to monetise it. Would we accept this in any other domain than content?
https://outline.com/meyY6X
Is there an open-source library that does this? I know readability existed at some point but now its no more. Using this, I'd love to build a self-hosted version of Pocket that supports full-text search etc.
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Sure, I bought a Delta Airlines bond with a 3.4% coupon for 93 cents on the dollar due in a year from now. Provided Delta doesn't go bankrupt in a year I will make 10%. They have a pretty healthy balance sheet compared to their peers and I don't expect the government to let the sector fail in such a way that bondholders get wiped out.
I would of thought holding Delta stock would have more than 10% upside if they don’t go bankrupt