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Nordic American Tankers Limited (NAT)

NYSE - NYSE Delayed price. Currency in USD
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2.5900-0.0900 (-3.36%)
At close: 04:00PM EDT
2.5700 -0.02 (-0.77%)
After hours: 07:49PM EDT

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  • J
    J
    It’s not so much the oil price – tanker rates and the crude oil price can move in different directions. Rather, it’s the huge shift that has just taken pace in consumption geography. We’re all abjuring Russian oil – or at least the Western countries are. What this means is that Russian oil that used to come west now goes east or south. And the oil that used to go east or south now comes west. We’ve not really seen that much of a change in oil supply or consumption, but who consumes which part of supply has changed. To the benefit, obviously, of those who transport.

    https://www.asktraders.com/analysis/top-ships-tops-up-16-again-after-66-what-comes-next/
  • J
    J
    Too funny!

    CNN - White House launches last ditch effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster

    https://www.cnn.com/2022/10/04/politics/white-house-lobby-opec-oil-production-cuts-gasoline-prices-midterms/index.html

    $NAT $REI $KOS $PR $EE
  • J
    J
    $REI conversation
    Yes Siree Bob! Now that's what I'm talking about!

    $REI $KOS $NAT $EE $PR
  • J
    J
    $REI conversation
    OK. Let's do this thing!

    $REI $KOS $NAT $EE $PR
  • J
    J
    One month ago....

    Jefferies upgraded tanker stocks Euronav (NYSE:EURN), Frontline (NYSE:FRO), Nordic American Tanker (NYSE:NAT), and Tsakos (NYSE:TNP) to Buy in a note on Tuesday, telling investors that the outlook is strengthening.

    An analyst also boosted the firm's price targets on the stocks, with Euronav raised to $20 from $14, Frontline increased to $16 from $11, Nordic American lifted to $4 from $3, and Tsakos price target lifted to $25 from $12.

    https://www.investing.com/news/stock-market-news/jefferies-upgrades-tanker-stocks-as-outlook-strengthens-432SI-2886833
  • J
    J
    One-year charter rates for VLCCs seem to lie close to $40k/day. That's a profitable rate, but given both Frontline and Euronav are keeping most vessels in spot markets, they think there's momentum to the charter rate.

    https://seekingalpha.com/article/4544834-euronav-3-68-percent-merger-premium-vlcc-spot-exposure-ahead-of-russian-sanctions
  • J
    J
    $REI conversation
    Wednesday....

    $KOS $REI $NAT
  • J
    J
    Tanker sales proliferate as EU deadline on Russian oil nears

    “The thought of sanctioned cargoes has kept even the older ladies off the beach with vessels even out of class finding new homes at well above scrap,” a new report from brokers Hartland pointed out. Details of some of the older tonnage finding new employment are carried in a tweet below.

    https://splash247.com/tanker-sales-proliferate-as-eu-deadline-on-russian-oil-nears/
  • J
    J
    Shipping outlook turns negative as earnings peak
    Having scaled new heights in the past two years, shipping faces an inevitable descent
    Political and economic insecurity will dent the fortunes of dry bulk and container shipping. But the tanker sector will likely benefit from sanctions on Russian oil.

    https://lloydslist.maritimeintelligence.informa.com/LL1142421/Shipping-outlook-turns-negative-as-earnings-peak
  • J
    J
    Looming Russia sanctions splinter tanker markets

    Vintage tankers selling for prices once considered inconceivable as rates decline from two-year highs

    https://www.tradewindsnews.com/tankers/looming-russia-sanctions-splinter-tanker-markets/2-1-1326638
  • J
    J
    Hadjiyiannis ship linked to second shock VLCC sale in a week
    For some tanker owners, doubling your money has never seemed easier

    https://www.tradewindsnews.com/tankers/hadjiyiannis-ship-linked-to-second-shock-vlcc-sale-in-a-week/2-1-1326823
  • N
    Nick
    Per the Form 6-K

    On February 14, 2022, we entered into a new equity distribution agreement with B. Riley Securities, Inc, acting as sales agent, under which the Company may, from time to time, offer and sell common stock through an At-the-Market Offering (the “$60 million 2022 ATM”) program having an aggregate offering price of up to $60,000,000. As of June 30, 2022, we have raised gross and net proceeds (after deducting sales commissions and other fees and expenses) of $18.9 million and $18.4 million, respectively, by issuing and selling 8,213,676 common shares. Subsequent to June 30, 2022, and up to September 26, 2022, we have raised gross and net proceeds of $14.6 million and $14.3 million, respectively, by selling and issuing 6,123,582 commons shares with a remaining available balance of $26.4 million under this ATM. Based on the share price of the Company of $3.08 as of September 26, 2022, it would have resulted in 8,585,437 new shares being issued, if fully utilizing the remaining balance available of the $60 million 2022 ATM.

    Herb is selling share guys. Already issued 6,123.582 so far this year.
  • J
    J
    Back over $3.00 before you know it! Then, on to $4.00 GL!
  • J
    J
    Poten says Ukraine war is not the only reason suezmax rates will rise
    US shipbroker believes million-barrel ships will now benefit from low deliveries after bigger fleet growth this year

    https://www.tradewindsnews.com/tankers/poten-says-ukraine-war-is-not-the-only-reason-suezmax-rates-will-rise/2-1-1326746
  • W
    WADES
    Looks to me that they got a great price for a 20 year old tanker. At 20 years old, it’s productive was limited. A lot better price than scrap!
  • L
    Larry
    Should try to sell the remaining 2 x 2003 built ships for $21 million each while the Russian oil tanker buying is hot. Also have 2 x 2004 built and 3 x 2005 built ships that are getting close to their 20-year lifetimes and could fetch nice high prices.
  • k
    keith
    I have 32 sticks across many sectors . Two of those are down today. NAT and FRO
  • R
    Richard
    Imagine booking your brand new eco tankers on 6 year charters for $23k a day, when the current spot rate for those same types of ships is probably $50k a day. This is what NAT did with ALL its new ships earlier this year. NAT did this because their balance sheet is so bad that they desperately needed this money to stay afloat. Now they are totally missing out on all these good rates. Not only that but the entity that chartered the ships from NAT, the Oman government entity, have themselves sub chartered out the ship at close to spot prices - reaping themselves huge profits. This is what happens when you have a horrible, and I mean horrible, management team at NAT that lets its balance sheet get so out of wack but insisting on paying dividends while losing tens of millions of dollars a quarter, and making ridiculous lease payments for the son's yacht in Monaco and things like that. Know what you are investing in. It's not pretty.
  • L
    Larry
    OPEC cut oil production by 2 million bpd = less demand for oil tankers.