Nordic American Tankers Limited (NYSE:NAT)
The Company was formed for the purpose of acquiring and chartering three Suezmax tankers.
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Spot prices are usually high the next six months. It also pays a good dividend
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It is actively expanding it's fleet, which are ALL double hulled. The need to move oil from where it comes out of the ground to the refiners and consumers isn't going to go away. The dividend is nice, too.
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great cash flow
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One of the best of the twin hull tanker's. Doing very well in the "oil" shipping. Into China, and around the world.
$$$$$$Great DIV$$$$$
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low pe should improve
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Until they come up with Star Trek transporter beams, oil will need to be moved from one continent to another via ship.
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They keep purchasing more double hulls. I think they will do well into the near future
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Taking dividends into account
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Hi growth with hi dividends is a great combination
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Buy it for the dividend, the growth potential and the smart management
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I believe the shipment of oil will increase strongly over the next year. Nordic American Tanker is well positioned to take advantage of this opportunity.
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With recent committment to purchase its 9th Suez Max tanker, Nordic American Tanker has one of the largest and modern fleets of its kind in the world. 8 of 9 ships operate in the spot market which pays more than the contract/lease market. This company also has an experienced management team committed to growth of shareholder value and dividends. This stock pays a double digit dividend every quarter.
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Regardless of oil price, demand will fuel the need to ship it somewhere. Shippers are buying more tankers to meet this demand. NAT and others pay solid dividends too. P/E seems relatively low and growth seems plausible in the long term.
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