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Actionable news in EURN: EURONAV NV,

All Of Euronav's Tankers Have Now Been Delivered - Let The Cash Flow Hit The Treasury (And Your Pockets)

Summary

Euronav's net income was lower due to the lower charter rates, but the company will definitely remain profitable.

The final VLCC has been delivered, which means Euronav's capital expenditures will fall dramatically to less than $50M per year.

This means the free cash flow will increase substantially, and the payout ratio of the dividend will decrease, paving the way to reduce debt.

I still think the book value of Euronav's vessels is very conservative. Despite this, Euronav is still...


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