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Trading Ideas

Saudi Arabia tanker power play could backfire as oil demand shrinks

Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments. Following the failure to persuade Moscow to support deeper output cuts at a meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+ early this month, Saudi Arabia said it would increase output to record levels in a fight for market share. Shipping industry sources say Saudi Arabia has booked as many as 25 supertankers and provisionally chartered another …read more […]

Newsmakers

FaceBank Group (OTC: FBNK) and fuboTV Announce Definitive Merger Agreement – Combined Company to Be Named fuboTV, Inc.

– Proposed merger creates leading digital entertainment company offering cord-cutters a premium viewing experience across a global distribution network – Combined company to be led by David Gandler, CEO of fuboTV FaceBank Group, Inc. (otcqb:FBNK), […]

Healthcare

Two Additional Coronavirus Patients Treated at Leading New York Hospital with CytoDyn’s (OTC: CYDY) Leronlimab, Bringing the Total to Four Patients

VANCOUVER, Washington, Mar 23, 2020 — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that the […]

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Trading Ideas

Hedge Funds Were Buying Iron Mountain Incorporated (IRM) Before The Coronavirus

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]