Okeanis Eco Tankers: Young Fleet, Double Digit Dividend, Room To Improve [Seeking Alpha]
Okeanis Eco Tankers Corp. (ECO)
Company Research
Source: Seeking Alpha
2.83K Follower s Follow Play 11min Summary Okeanis Eco Tankers is a BUY due to its young, efficient fleet of VLCC and Suezmax vessels, leading to high operating margins. Despite high operating efficiency, ECO's significant debt results in higher cash breakeven, but variable interest rates offer potential relief as rates decline. The large tanker market is in a cyclical upswing, with aging fleets and low order books, positioning ECO advantageously for future growth. Risks include competition from the "dark fleet" servicing Russian crude oil to China and India, potentially impacting market dynamics and ECO's growth. HeliRy Thesis Okeanis Eco Tankers ( NYSE: ECO ) is a operationally advantaged shipper in the crude oil trade. The company offers a young fleet of VLCC and Suezmax vessels that are significantly younger than comparable investment options. The efficiency of these vessels This article was written by Ronald Ferrie 2.83K Follower s Follow I am a L
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News
- Okeanis Eco Tankers: Top Management, Long-Term Double-Digit Yield Potential [Seeking Alpha]Seeking Alpha
- Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield [Seeking Alpha]Seeking Alpha
- Okeanis Eco Tankers To Benefit From Crude Tanker Rate Rebound [Seeking Alpha]Seeking Alpha
- Okeanis Eco Tankers Corp. – Ex Dividend DateGlobeNewswire
- Okeanis Eco Tankers Corp. (ECO) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
ECO
Sec Filings
- 8/20/24 - Form 6-K
- 8/9/24 - Form 6-K
- 8/9/24 - Form 6-K
- ECO's page on the SEC website