Q: TANKERS: with all the focus on shipping around the Gulf of Hormuz do you see tankers as a major opportunity right now?

And if you do: What would be your top 2 picks now? And is there an etf that would be complementary or instead of individual tanker stocks.

Thank you

Q: If tankers head for North America to avoid Middle East uncertainty and this new trend continues for a year or more what stocks could benefit most - would it be oil companies or refiners or pipes or all of the above? If you think there is good reason to invest in this theme what 3 Canadian and 3 US equities would provide a balanced upside in your view?

Q: Do you see any second derivative opportunities to the current bull market in commodities? More specifically, are there any tanker shippers you favour in this environment, like NAT and TNK, or dry bulk shippers, like DSX or SBLK? With the possibility of a reinvigourated US oil and gas industry, what are your views on service companies such as HAL, SLB, and BKR? Thanks.