Nordic American Tankers Ltd (NAT)

[Eurotradr]

Yes, an interesting read. I still believe NAT is overpriced and hold no position currently. I do not see any upside without some unforeseen geopolitical, outside catalyst or COVID vaccine. I will be looking for an entry in the $3-$3.50 range. I see this as being long term (at the moment) and too many other places for solid returns with COVID in play. Oil demand needs to increase globally with people getting out and going back to work, school, travel, ect. and until a vaccine is found demand will remain low. Refineries need to begin ramping up production as opposed to storing cheap crude.

Interesting short info. This may be just what we need to drag NAT down to my entry range but currently it's forming a base in the low to mid $4s.