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The Company was formed for the purpose of acquiring and chartering three Suezmax tankers.
recent surge in global oil supply and price declines results in storage capacity constraints and hence should result in higher utilization of tankers to store crude temporarily in hopes of higher prices. Daily rates for tankers have gone way up in recent quarters and are projected to continue hold at the high end in the near term
Only one way to get oil around the world!
Tankers stocks are going up because the market is in contango and a lot of people are holding onto physical oil investments in tankers until prices go back up. Choosing to green light NAT over FRO because of FRO's historical crashes
NAT declaires 2015 Otr Dividend of almost 40% increase. Good news as Shipping rates seem to be increasing
While this is an energy dependant stock. The demand for Oil Tankers will contiinue to rise as long as the current sitting President is in office. After the next elections I think we will see an inward look at developing our own Oil & Gas within the US.
NAT saw tanker rates rise from $14,100 (Q4 2013) to $26,300 (Q1 2014), which is also up from $12,466 (Q1 2013). If this trend continues NAT will be able to boost its already huge 9.8% dividend, which management has stated that it will do if it is able to. NAT is all about the spot prices of tankers, which means the good times are good but the bad times are terrible. Tanking rates have been on the decline since 2010, but if rates have bottomed out and are on the rise, good times and great returns will ensue.
Extreme oversold TOS - bullish chart
In 1 word, OILStock is cheap, half that of GNTX & has higher Dividend.Plus, "Mad Money" says it is a TOP Stock to have.
A play on the chinese economy growth will procide businees for NAT once again.
chart looks good
It is using common sense to keep its fleet in line and prepare for an upswing in the tanker market.
Speculative pick in the Oil Tanker business which is presently in the tank. But this company has no debt and the staying power to hang in until day rates improve.
This stock is rated a buy.
breakeven of around 12k day is one of lowest in industry when rates do turn around. dont like the paying of dividend by taking on debt. div may be cut in future if slump continues for to long.
So is now the time to back up the truck on this stock? With historic lows around $10 share, I don't see much potential downside here from where it's currently trading.Nicely run company. Well managed.CEO keeps saying over and over they will not cut the dividend, it is important to the shareholders.I am not sure how much immediate real upside % we will see, especially if management keeps diluting the stock, but at a 10% or so divvy, I am willing to wait.Seems like a really nice base hit, if not a potential home run, especially given the financial weakness of some of their competitors.
no debt and buying more ships at discounted prices. As economy improves, so should nat.
Go for broke on all shipping tankers
Bulk shipping will return over the next 5 years.I think the maximum negative outlook is priced into these stocks.
Good balance sheet it will do well when cycle is favorable
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