djgunner Thesis The last 10 days have been rough for owners of TORM plc (NASDAQ:TRMD) with the share price declining roughly 15%. The stock has been hammered by both a general market sell-off, as well as seasonality taking its toll on charter rates. However, the global refinery market continues to polarize, with production moving out of Europe and shifting toward the Middle East and Africa. This dynamic will continue the trend of a structural shift in the global clean product trade. At the currently red ...