Added to YB: 2024-08-30
Pitch date: 2024-08-29
ECO [bullish]
Okeanis Eco Tankers Corp.
+26.86%
current return
Author Info
Company Info
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil.
Market Cap
N/A
Pitch Price
$28.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
dividend
I am the Captain Now, Tanker Edition: Hafnia $HAFN, TORM plc $TRMD, and Okeanis $ECO
ECO: Crude oil tanker co, 14 ships, 4yr avg age, 100% scrubber-equipped. 56% owned by Alafouzos family. 12% div yield, 100% FCF payout, spot market exposure. Low orderbook, aging fleet support day rates. Geopolitics boost demand. Trading at fleet resale value. Risks: peace outbreak, cyclical nature.
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