'Dumb money' loved tanker stocks until it didn't, and that fuelled this week's shares massacre

His name is Mintzmyer, but he does not mince his words.

So when talking about public tanker owners and their recent rise and collapse in share prices, analyst-investor J Mintzmyer was characteristically direct this week.

Tanker shares were wooed by “dumb money” and then they were jilted by dumb money. That is why they sold off wildly on Wednesday, even as two of the industry’s biggest owners were reporting record earnings.