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NAT - Nordic American: The Charts Speak For Themselves
Nordic American Tankers Limited
Nordic American Tankers (NAT) released its second quarter and first half 2020 data this morning, and the tanker company has made astounding progress since last year. While the shock to the oil industry was quite unprecedented and rapid, the limbo between contango and backwardation is still occurring due to future uncertainties between demand and further outbreaks. However, Nordic American Tankers has positioned itself well amid the uncertain outlook to both oil and tankers for the remainder of 2020.
So, the shocks to the oil industry occurred on both demand and supply sides. The