billf921

Day Rates Headed Higher at Nordic American Tanker

This company does have some exposure to the spot market as one of their 12 ships has fixed charges and the other eleven are market based income.

that is a pooly written sentance

nat has complete exposure to the spot market and pays out 100% of it cash flow. rates are now good..will they stay that way..who knows but they usually fall in the summer as we dont need as much oil to heat in the summer. Above 40 its a sell as its assets are worth only about 25 to 30 per share but alot of people chase the divident