Nordic American Tankers Ltd (NAT): As we discussed recently, as a result of...

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56Chevy

Re: 56Chevy post# 130

Wednesday, 12/13/2017 3:02:32 PM

Wednesday, December 13, 2017 3:02:32 PM

As we discussed recently, as a result of a recent surge in hedging activity in the front-end of the strip, absent a dramatic collapse in spot prices, the contango is now so low as to make offshore storage no longer economical.

I posted an article with this statement in it in late March of 2016 approx. 21 months ago. The pps at that time was $14.28. Since then the pps has cratered.

What has happened to NAT was "event" driven ...very predictable... and has nothing to do with technical analysis. Charts cannot account for the reality of what has happened to off shore storage plays. Only another massive glut in supply would turn this around.

Below is a link to that post for the guy who said I was full of it and just another "basher" 21 months ago in a PM. Read it and weep pal. Shooting the messenger is juvenile. For everyone else Im sorry for your loss.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=121466549

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