Tanker stocks took it on the chin last week despite a spate of record-setting earnings but could now have the right conditions for a recovery, according to Randy Giveans.
"The tanker sell-off continued despite all six tanker companies that released earnings reporting record first-quarter results and guiding to even better second-quarter results," Jefferies' lead equity analyst told TradeWinds.
"The average was down 8%, with all 10 tanker owners losing ground.
