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Golden Ocean Group Limited (GOGL)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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3.6400+0.0400 (+1.11%)
As of 10:16AM EDT. Market open.
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  • J
    Jill
    Earnings Tuesday . Should easily beat . I`m thinking maybe even a pittance of a divvy , one cent ? BDI was up nicely in June . They should handily beat -.26 . This current quarter is looking even better , with BDI up for most of it . I keep having the urge to buy a little more . I think I`ll wait til Tuesday . Rather pay a little more than be watching dead money for another 3 months. Remember, they post early on their website ...5 a.m.
  • T
    TRM 2020
    OSM buying Frontline and Golden Ocean's in-house shipmanagement company
  • J
    Jill
    FC is this the glimmer of hope πŸ‘
  • G
    GM
    $SHIP conversation
    New FreightWaves article with broker comments RE: what’s causing Capesize dry bulk shipping rates to tumble + when downward trend may reverse + latest index data from Baltic and Platts: $SBLK $SHIP $SALT $GOGL $GNK $EGLE #BDRY $BDI $VALE https://www.freightwaves.com/news/dry-bulk-shipping-rates-slashed-in-half
    Dry bulk was riding high just a few weeks ago. Now it’s taking a tumble.
    Dry bulk was riding high just a few weeks ago. Now it’s taking a tumble.
    www.freightwaves.com
  • D
    David
    $USX conversation
    When it comes to self driving vehicles we think of the companies behind it like $NVDA and $GOGL great large caps with a fantastic future. However, a small cap $USX has a fleet of digitalizada over the road trucks operating right now and they just had an earnings beat of 220% last night!! This is a company partnered with TruSimple a private company that has developed digitalized self driving fleet conversion using AI.
    $USX is expanding their fleet and the Trucking Industry will never be the same !!
  • G
    GM
    $NAT conversation
    Shipping stock mid-year review: Here’s YTD charts + post-COVID-low-to-present + tankers vs drybulk vs indices + 52 wk high/lows. New FreightWaves coverage – see all the charts here: $NAT $EURN $DHT $FRO $INSW $STNG $DISSI $TNK $TNP $TOPS $BDI $BDRY $SBLK $GOGL $GNK $EGLE $SHIP https://www.freightwaves.com/news/tanker-stocks-are-sinking-toward-the-bottom
    Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
    Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
    www.freightwaves.com
  • M
    Mike
    Why is this stock not moving higher? Does anyone have any insight? Rates are surging, is this being held down for some reason?
  • J
    Jill
    The Baltic Exchange’s main sea freight index climbed to a near nine-year peak on Friday propelled by robust capesize demand, with rates for all the vessel segments scaling multi-year highs. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 101 points, or 4.4%, to 2,378, a peak since November 2010
  • J
    Jill
    I think earnings were what everyone expected . Analysts called go 17 cents about 2 months ago then upped .yahoo has 26 and they made 27 . My etrade, I think had 27 . Ho hum . Larger divvy, nice, but we expected . It will be lower in fourth. Did mention that they are still above break even for fourth . New leader . We will slog along for next few months . I'm not impressed . Nor am I depressed .Average quarter for what Bdi was . Oslo not impressed either as shares are up minimally. I'll hold longer . Already married to em ! Divvy enough to keep me in. I'm spending mine on torpedoes!πŸ‘. Happy day !
  • M
    Marvin
    Cleveland-Cliffs Inc.
    Chinese iron ore port inventories and other dry bulk cargoes will have to be restocked. The following article is analysis about SBLK. However, this article sheds light on the iron ore port inventories from a different angle.

    Star Bulk Carriers Corp. - Pay Now, Party Later https://seekingalpha.com/article/4268216?source=ansh $SBLK, $DSX, $GNK, $GOGL, $SALT
    IMO 2020 disruptions, bottlenecks in shipyards and restocking Chinese iron ore port inventories and across other dry bulk cargoes will create opportunities in t
    IMO 2020 disruptions, bottlenecks in shipyards and restocking Chinese iron ore port inventories and across other dry bulk cargoes will create opportunities in t
    seekingalpha.com
  • F
    FuckCancer
    In aggregate, they have purchased 250K shares since 9/25/19...all on the Oslo exchange. This is telling me two things, they have the cash to do these transactions and they feel confident in the company/industry going forward. This may hurt the dividend in the short term but strengthen it for the L-T. Since they are taking out float earnings will look better going forward. The stock price will come around.
  • G
    George
    Mr Market hasn't been kind to GOGL despite what I see as many positives. I will cite the positives with the hope that those that disagree will post where I have it wrong. First, management is doing everything possible to enhance shareholder value, examples, share buy backs and more importantly in this market, paying and increasing dividends when possible. In fact, despite a less than stellar Q1 and Q2 management raised the dividend to ten cents a soon as Q3 showed signs of life. That pro activeness indicated to me that management is aligned with shareholders. Admittedly, this hasn't been reflected in the share price as yet. Second, share buy backs. Buy backs are put in place when management is willing to put their money where their mouth is. Managers always complain that their share price isn;t properly reflected in current prices, most just talk, the serious ones buy back shares on the cheap. To be honest though, GOGL's buy back, thus far is kind of anemic given the outstanding share count. Never the less, they are trying. Third, the assets are great, 67 large vessels ( most capes and pans), which are currently leading demand. Fourth, compared to our peers, we're fairly active in becoming 2020 complied. Also, in that regard the company invested in a comany that will assure fuel availability going forward. Fifth, not GOGL specific. I think that the sector has a real shot at getting out of the Investment Dog House in the near future because of an improved supply and demand situation. In that regard, we need more scrapping and absolutely no more ordering of vessels.
    I'm in as of 11/15 at $5.42.
  • F
    FuckCancer
    Any thoughts on their last earnings call?? What I will say right now is that I really appreciate the depth and breath of their reports. Really gives a thorough look at why the earnings are where they are but also the overall industry and where they think things are headed.

    Like that they bought more shares.

    Would also like to be part of the upcoming conference they’re participating in.
  • J
    Jill
    If the company was buying hundreds of thousands of shares back at $5.5 + you`d think they would be buying at $4.5
  • J
    Jill
    4th quarter estimates keep being raised . 24 cents now . Can't see them coming anywhere near this .BDI was over 2000 a lot of third quarter. Now it's way below. This raise in 4th quarter esp was recent.
  • J
    Jill
    Another things is 8 of last 10 days have been higher than average volume with very decent share appreciation . A golden cross is coming .Will just take time . " The β€œcross” refers to two simple moving averages β€œcrossing” over each other. A golden cross is considered a bullish sign; it occurs when the 50-day moving average rises above 200-day moving average. A death cross is considered a bearish sign; it occurs when the 50-day moving average drops below 200-day moving average." BTW BDI UP 83 to 2011 today !
  • K
    KevinR
    ATTENTION: A small dividend has been reinstated! The next quarterly dividend will be $0.10/share. This is the first dividend for GOGL in over 3 years. The stock is up big in pre-market trading.
  • V
    ValueBubba
    Does anyone have an opinion of this Singapore Marine investment? Golden Ocean seems to be well run l, but are they interested in rewarding all of the shareholders? I'm asking the question not making a judgement. But I will say that that question makes me hesitate to buy more shares.
  • J
    Jill
    Couple of down days on bud. Premarket down also . Quarter seems good enough so far .
  • J
    Jill
    A year ago BDI was in 1700 range and GOGL was about $9.50 .Today BDI hit one year record high up another 63 to 1928 .Go to GOGL website and see how many vessels GOGL has on spot . TONS. GOGL is $6.45 .What do you think is going to happen ? I`d say close to a double by 3rd quarter end.
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