LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening
Published . Updated .
This report is about natural gas and tanker shipping. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-11.6% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.
- FRO Frontline+14.2% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -2.19% | -1.69% | base | +0.30% | -1.51% | -1.24% | -0.87% |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -5.13% | -5.78% | base | -1.59% | -3.69% | -1.69% | -1.37% |
| FRO | -4.16% | -3.04% | base | +4.35% | +1.67% | +5.78% | +6.89% |
| DHT | -6.23% | -1.71% | base | +0.10% | -1.77% | +0.20% | +2.18% |
| INSW | -5.43% | +0.49% | base | +2.67% | +0.54% | +1.24% | +2.56% |
| TNK | -4.67% | -3.50% | base | +1.55% | -1.09% | -0.26% | +1.76% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening EnergyNow.com
Source: EnergyNow.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +0.10% | final price |
| DHT | the next day | -1.77% | final price |
| DHT | two days later | +0.20% | final price |
| DHT | three days later | +2.18% | final price |
| DHT | three days earlier | -1.71% | final price |
| DHT | five days earlier | -6.23% | final price |
| FRO | that day | +4.35% | final price |
| FRO | the next day | +1.67% | final price |
| FRO | two days later | +5.78% | final price |
| FRO | three days later | +6.89% | final price |
| FRO | three days earlier | -3.04% | final price |
| FRO | five days earlier | -4.16% | final price |
| INSW | that day | +2.67% | final price |
| INSW | the next day | +0.54% | final price |
| INSW | two days later | +1.24% | final price |
| INSW | three days later | +2.56% | final price |
| INSW | three days earlier | +0.49% | final price |
| INSW | five days earlier | -5.43% | final price |
| TNK | that day | +1.55% | final price |
| TNK | the next day | -1.09% | final price |
| TNK | two days later | -0.26% | final price |
| TNK | three days later | +1.76% | final price |
| TNK | three days earlier | -3.50% | final price |
| TNK | five days earlier | -4.67% | final price |
| USO | that day | -1.59% | final price |
| USO | the next day | -3.69% | final price |
| USO | two days later | -1.69% | final price |
| USO | three days later | -1.37% | final price |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| XLE | that day | +0.30% | final price |
| XLE | the next day | -1.51% | final price |
| XLE | two days later | -1.24% | final price |
| XLE | three days later | -0.87% | final price |
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
How busy Strait of Hormuz has been lately
Geopolitics Alpha has 182 stories about Strait of Hormuz from the past 7 days and 477 stories from the past 30. That is faster than its usual pace over the past month. “LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening” scores 12 out of 100. The score uses 1 sources.