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DHT Holdings: Market Ignoring Macro Trends And Cash Flow

Summary

This report covers DHT Holdings, a shipping company focused on very large crude carriers ("VLCC"), each of which carries up to 2M barrels of oil.

VLCCs are the backbone of a global oil transport network, and their employment is poised to grow at a steady pace over the next 3-5 years.

DHT has a strong management team, a clean balance sheet, impressive time charters and a modern fully-financed fleet.

The current dividend yield is 21%. Internal cash generation has been far higher due to strong market conditions.

DHT...


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