7 Reasons Euronav Is Morgan Stanley's Best In Class Tanker Play

In a recent report, Morgan Stanley analysts initiated coverage on Euronav NV EURN at Overweight and named the company both its top pick in the crude tanker segment and its preferred way to play the current crude oil oversupply conditions. Low oil prices and swelling supply create big demand for floating storage, and analysts believe that will mean big profits for Euronav.
Here’s a list of seven key reasons analysts choose Euronav as their top pick.
1. In an environment that will be extremely favorable for crude tanker owners, Euronav is the largest among its peers, including Nordic American Tankers Ltd NAT, Teekay Tankers Ltd TNK, DHT Holdings Inc DHT, Tsakos Energy Navigation Ltd TNP and Frontline Ltd FRO.