Overseas Shipholding | StockChase
16
Overseas Shipholding (OSG-N (Dead))

Last Price Recorded: $1.1300 on 2012-11-15

ON STOCKCHASE SINCE Jul 2011

Filed for bankruptcy

Transportation & Environmental Services

Overseas Shipholding


Signal Opinion Expert

2013-04-30

DON'T BUY
Overseas Shipholding (OSG-N (Dead))

Have state-of-the-art ships, but too much debt. Currently in bankruptcy protection and trying to work their way out of it.

Transportation & Environmental Services
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $1.130
Owned: No

2012-08-14

DON'T BUY
Overseas Shipholding (OSG-N (Dead))

Concerns about shipping.  Ton of ships that are commissioned and getting built and there will be an over supply when they are built.  Showing economy in China means less demand.  Longer term we need to see some capacity rationalization, scrapping.  Prefers 316-HK but would not buy unless it comes down.

Transportation & Environmental Services
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $6.860
Owned: Unknown

2012-07-25

DON'T BUY
Overseas Shipholding (OSG-N (Dead))
Cancellation of the dividend is a prudent decision on management's part. Day rates for their vessels have been absolutely decimated and this company operates about 116 double hulled vessels. Have more of a focus on the Very Large Crude Carriers. Day rates have come down from about $27,000 per day to about $17,500 per day. He would be a little more optimistic on Teekay Corp (TK-N) which has the largest fleet of Aframaxes which are more manoeuvrable.
Transportation & Environmental Services
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $5.760
Owned: Unknown

2012-06-01

DON'T BUY
Overseas Shipholding (OSG-N (Dead))
Not actively following. Prefers one out of Hong Kong. Sector is linked to global GDP. You want refrigerated containers.
Transportation & Environmental Services
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $10.020
Owned: Unknown

2012-04-12

DON'T BUY
Overseas Shipholding (OSG-N (Dead))
There are some issues happening with regards to the shipping industry. On the container side you have overcapacity. 2010 was a record year but 2011 was a very poor year and you are generally starting to see freight rates climb. There are others that he would prefer.
Transportation & Environmental Services
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $10.410
Owned: No

2012-03-23

WAIT
Overseas Shipholding (OSG-N (Dead))
Have to be careful about the type of things that are being moved around. Trading from $10 to $13. It could be a leading indicator for the economy. Maybe at $14.
Transportation & Environmental Services
Jeff Parent B. Eng. FCSI

Vice President and Portfolio Manager, Matco Financial Inc

Price: $11.160
Owned: Unknown

2012-02-23

COMMENT
Overseas Shipholding (OSG-N (Dead))
Chart shows big downtrend from early 2010. Seems to have a bottom at around $10. Shipping rates have come down dramatically because of large, large ships being built that are the equivalent of 2 so make sure this company has these. From a risk/reward standpoint, you could take a stab right around the current price and at this price should work out.
Transportation & Environmental Services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $10.090
Owned: Unknown

2012-02-08

BUY
Overseas Shipholding (OSG-N (Dead))
Huge capacity of extra ships coming online. All of these guys are loosing money. Good news is that every year ships get scrapped because they are not efficient. There are a record number of new ships being ordered. 2011 will turn out to be the bottom of the trough for them. Because of Iran, a lot of buyers of oil will have to buy oil by ship, which will be a net benefit for these guys.
Transportation & Environmental Services
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $12.210
Owned: Yes

2011-12-14

COMMENT
Overseas Shipholding (OSG-N (Dead))
Largely a bulk carrier under a US flag giving them the right to ship from one US port to another US port. Commodity market has been in oversupply which has hurt them. At some point it will be okay.
Transportation & Environmental Services
Norman Levine

Managing Director, Portfolio Management Corp

Price: $9.290
Owned: Unknown

2011-11-15

WEAK BUY
Overseas Shipholding (OSG-N (Dead))
All the indicators are pointing down. But we have a couple of times it hit the bottom of the chart. It looks like it wants to go higher. It looks like the worst is over. Probably a good risk/reward
Transportation & Environmental Services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $14.340
Owned: Unknown

2011-11-14

PAST TOP PICK
Overseas Shipholding (OSG-N (Dead))
(A Top Pick July 22/11. Down 41.47%.) Still buying this. Oil tankers are not going to improve until at least next year at best. Long term hold.
Transportation & Environmental Services
Richard Fogler

Portfolio Manager, Kingwest & Company

Price: $14.350
Owned: Yes

2011-11-01

HOLD
Overseas Shipholding (OSG-N (Dead))
A survivor in a very tough industry. Suffering from high oil prices and Libya is not shipping oil. You have to sit with this company. He added to his recently.
Transportation & Environmental Services
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $13.050
Owned: Yes

2011-09-20

STRONG BUY
Overseas Shipholding (OSG-N (Dead))
Just added to it. Has been a huge amount of insider buying. Looks like this will be the bottom quarter for them. Worst appears to be over. Looking for upside surprises. Addition of Libyan oil to the market will bring prices down for oil and be a benefit for OSG.
Transportation & Environmental Services
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $16.560
Owned: Yes

2011-08-30

DON'T BUY
Overseas Shipholding (OSG-N (Dead))
Has a lot of head winds to it. Oil tanker business is over developed over the last couple of years. IF we have slow growth in North America it wont bode well for a stock like this. Not a great balance sheet. Keystone will have an impact on tanker shipping North South. But it appears to be cheap.
Transportation & Environmental Services
Karl Berger

Partner, Toron Investment Management

Price: $18.430
Owned: Unknown

2011-07-22

TOP PICK
Overseas Shipholding (OSG-N (Dead))
Contrarian play. It’s a long-term (3-5 years) play. It is the largest oil tanker company in the world. Oil prices have nothing to do with their rates. What matters to them is the supply/demand balance and number of ships out there. New ships are coming on this year and next. Tangible book value of $65. He thinks it is a triple over 3 years.
Transportation & Environmental Services
Richard Fogler

Portfolio Manager, Kingwest & Company

Price: $25.320
Owned: Yes

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