Wells Fargo analyst Michael Webber took a half-empty, half-full approach to the tanker sector. Along with cutting 2016 earnings estimates for a number of companies, he also increased estimates of 2017 earnings for some of the same.
That adds to the list of analysts, including Doug Mavrinac at Jefferies, Magnus Fyhr at Seaport Global, Eirik Haavaldsen and Oystein Dalby at Pareto Securities, and Clarksons’ Herman Hildan and Frode Morkedal, who have cut rate and earnings estimates for tankers due to the “unexpected
