billf921

Day Rates Headed Higher at Nordic American Tanker

Michael if you like this sector, I suggest you look at TNP which trades at 38 and is worth 56. If Day Rates are Headed Higher at Nordic they also are headed higher for other tanker stocks. Tnp is the best that there is.

they have a different chartering approach, they lock in rates for 2 or 3 years and have a profit sharing if rates go up. It's less risky than nat but pays out less in dividends but stock buy backs is an indirect way of giving money back to shareholders.

The key is TNP assets are worth 56 per share and is trading at a discount at 38. It should be trading it 80 to equate to nats multiple

BUY TNP INSTEAD. Tops also should be considered but thats a story for another day