$INSW

International Seaways, Inc.

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Louis Navellier says oil price drop hides bigger opportunity

The article says the IRGC assessed a U.S.-Iran war risk as “low,” which it says contributed to a drop in crude oil prices. Louis Navellier says energy and tanker stocks remain attractive, citing strong forecast sales/earnings and longer routes and Strait of Hormuz bottlenecks. It also notes Elbit Systems Q1 revenue rose 15.5% to $2.189B, beating expectations, and Micron’s UBS price target was raised to $1,625.

International Seaways (NYSE: INSW) launches $200M ATM equity program

International Seaways (NYSE: INSW) has filed a prospectus supplement to offer common shares with a maximum aggregate offering price of $200 million through an At-The-Market (ATM) equity program. The shares will be sold from time to time via sales agents like BTIG, B. Riley, Clarksons Securities, and Fearnley Securities, with commissions up to 3.0%. The net proceeds are designated for general corporate purposes, including working capital, debt repayment, capital expenditures, and acquisitions.

[8-K] International Seaways, Inc. Reports Material Event

International Seaways, Inc. has entered into a new Equity Distribution Agreement with several sales agents, allowing it to sell up to $200,000,000 of common stock through "at the market" offerings. This new agreement replaces a previous $100,000,000 program, which was terminated without any shares being sold. The company will pay a commission of up to 3.0% on gross sales, has no obligation to sell shares, and can terminate the program at any time.

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