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RE: TIB: Today I Bought (and Sold) - An Investors Journal #277 - Oil Shipping, Fertilizer, US Telecom, Gaming, Korean Steel, US Interest Rates.
I was on DRYS too. The lessons learned apply also to offshore oil drilling - a few horrors there too.
You will find in TIB48 and/or TIB60 I did have a look at financials for FRO and NM and STNG - these all have acceptable debt levels and solid enough revenues especially with a rising oil price.
A research panel I contribute to is pointing to Q3 being OK - consumer and business confidence and spending plans are still robust. The quarter after that may be a problem. I will be looking for cracks - hence a fair bit of profit taking and defensive work in my portfolios