Added to YB: 2026-10-14
Pitch date: 2026-10-12
OMC.OL [neutral]
OMC Tankers Ltd.
+5.83%
current return
Author Info
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Company Info
OMC Tankers Ltd. operates as a large crude carrier company in Bermuda. It operates eight very large crude carriers (VLCCs) under construction at New Times Shipyard and Yantai CIMC Raffles.
Market Cap
N/A
Pitch Price
NOK 38.17
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
special_situation
Monday Delight: 12/10/2026 - OMC Tankers Ltd.
OMC.OL (quick overview): OMC Tankers is a forced-seller spinoff holding eight VLCC newbuilds due in 2028-2029; the sponsor has twice executed this newbuild-to-dividend playbook with sharp reratings once cash flow began. However, after $874M of unfunded shipyard commitments and the multi-year wait, shares trade at ~1.4x NAV, or a ~39% premium to replacement NAV. Cash runs out around January 2027 absent financing, making funding for the first four ships the near-term focus.
Read full article (1 min)