If you want to short oil with leverage

Companies with leverage can be considered great stocks if they would be able to pay off their debt.

The reverse can be said, as well, if they cannot pay their debt, since the company is worthless. And leveraged options would make a killing.

If oil goes down or the inventories are large or if global trade slows then the shippers shares should go down. The more 'ors' the more chances of this occurring.

Im looking at SSW, FRO and some high flyer but can't remember presently.