People say this is a junk stock, BUT I beg to differ. I have been watching this one, and I believe the bounce will happen, and when it does, it's going to rip. I haven't jumped in yet, but I am waiting and watching.
Trading at 60% below its fair value
Earnings are forecast to grow 70% per year
250% return over the past year
NAT is forecast to become profitable over the next 3 years
NAT’s short term assets exceed its short term liabilities
NAT has sufficient cash runway for more than 3 years
NAT’s dividends in 3 years are forecast to be covered by earnings
NAT will pay some of its largest dividends in its history this year, with global storage demands at an all time low they can charge higher rates for their storage of oil. With airlines and travel being greatly reduced I do not see any reason why we won't have an oil storage crisis for the rest of this year at a minimum.
I am a buyer at $5 and below, with a price...
NYSE:NAT Is the selling over? Is bullish rebound in progress close to .618 fib?
Considering bullish entry for swing trade.
I do not offer financial advice nor am I a certified financial advisor. I am self educated in investing and trading in the stock market with over 20 years of experience and share information here as contribution to the community.
Remember to leave a like if you enjoy my content! Remember to watch the oil price, because NAT has shown to go the opposite price of the oil.
RSI shows oversold + strong support line at 4.92.
If the price breaks the trendline, it could rally up to 5.35 or even 5.55
Remember to watch out, if the support is broken, the stock could go really low.
In the current situation, there are very few companies that can solidly make a profit.
Nordic American Tankers are one of them.
Big investors rent out these ships and pay them to store their OIL.
With the oversupply of oil and shortage of storage, Tanker companies charge more for holding the barrels.
On average, it cost 4 times as much a day, then a year...
Nordic American Tankers Ltd. is an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.