The collapse in oil prices may be crushing energy companies, but it has been a boon for the refined product tanker space. Unfortunately, the stock market is failing to recognize that fact, said Anthony Gurnee, CEO of Ardmore Shipping (ASC). 'Low crude prices means higher throughput at refineries,' said Gurnee. 'Those larger volumes of refined products need to be moved at sea and that has caused rates to rise significantly.' Still, shares of Ardmore have dropped 23% year-to-date. Gurnee said Ardmore’s business is actually inversely correlated to the price of oil, yet investors are throwing the proverbial baby out with the bathwater as they sell anything related to energy. Not every market participant is literally and figuratively missing the boat, however. Gurnee said the splintering and effective dissolution of OPEC has meant that oil prices have been consistently volatile, which creates opportunities for oil traders, who use Ardmore’s highly flexible mid-sized ships to pursue arbitrage opportunities around the world. TheStreet's Gregg Greenberg has details from New York.