NAT News and Press, Nordic American Tankers Limited From 03/10/21

The cost of shipping oil around the world is on the rise this week, and if you think that might be good news for oil tanker stocks , you're right! As of 3:20 p.m. EST Wednesday, shares of Nordic American Tankers (NYSE: NAT) are up a strong 8%, Teekay Tankers (NYSE:...

Are These Reopening Penny Stocks On Your List This Month? One of the trends we’ve started seeing with penny stocks is the start of a “reopening trade.” Some will refer to these as epicenter stocks. It was an idea originally thought up by Fundstrat’s Tom Lee. ...

Nordic American Tankers ([[NAT]] +8.4%) notified that the company concluded a spot contract at ~$20K/day and another spot contract at ~$15K/day. Last week, the comparable number was about $4K/day; operating costs are covered at $8K/day.NAT CEO Herbjorn Hansson bought 50K shares...

March 1, 2021 Dear Shareholders and Investors, We released our 2020 numbers last Friday, February 26, 2021. 2020 was a good year. We achieved excellent results for three quarters, whilst the fourth quarter was weak. At this time we clearly see a positive turn in th...

Nordic American Tankers (NAT) declares $0.02/share quarterly dividend, -50% decrease from prior dividend of $0.04.Forward yield 2.5%Payable March 31; for shareholders of record March 12; ex-div March 11.See NAT Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see:...

Nordic American Tankers (NAT): Q4 GAAP EPS of -$0.19 misses by $0.03.Revenue of $16.29M (-72.3% Y/Y) misses by $6.78M.Sees strong oil demand, in particular Asia for 2021.Shares -3% PM.Press Release For further details see: Nordic American Tankers EPS misses by $0.03, misses on revenue ...

February 26, 2021 Dear Shareholders and Investors, Highlights: The following main elements in our business stand out at this time: During 2020 we distributed $67.2 million in cash dividends and repaid our existing loans with a gross amount of $75.5 ...

Crude oil tanker stocks have been stuck for nearly a decade due to chronically low oil freight rates. Last year saw a massive spike in rates due to a one-off need for floating storage which has now passed. Oil freight rates are modestly low today as low oil production and demand h...

The outlook for oil tankers starts the new year in rough waters, as a plunge in the volume of crude oil stored on ships has combined with unexpected cuts from Saudi Arabia to create a glut of vessels available for hire, Reuters reports.Dayrates for very large crude carriers in 2020 topped out...

January 19, 2021 Dear Shareholders and Investors, Information provided by the New York listed Nordic American Tankers Ltd. The below 2 minutes video by BIMCO is illustrating the importance of the seagoing transportation business. 90% of the world trade is carried by ship...