The stock was down over 5% at one stage as analysts speculated that itwould be looking to raise up to $300m.

The money would gotowards DHT’s reported $590m acquisition of Samco Shipholding’s VLCC fleet,news of which emerged over the weekend.

“Should DHTconfirm the transaction, we would expect an additional equity issue in therange of $250-300m assuming gearing of 60-50%,” said Arctic Securities analystErik Nikolai Stavseth.

“We