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  • Nordic American Tanker Pays Off Yet Again [View article]
    Tanker spot rates do not correlate directly with oil prices. It is more of a case of who needs oil where. Also, NAT and FRO are different beasts. NAT is strictly Suezmax, while FRO is mostly super tankers. Different markets, different rates.

    Currently the market seems to be clueless about high yield stocks in general.If NAT can average $1.00 per share for the next few quarters, you would be earning 13%. As you can see in my article they are averaging closer to $1.20 over the last 4 years.

    Spot tankers spot leases typically average 30-60 days. NAT has ships being released regularly. Spot rates averaged $54k for October and is back in the $63k range currently.
    Nov 09 08:34 am |Rating: 0 0
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