Replies to post #1054 on Nordic American Tankers Ltd (NAT)

[conix]

Suezmax Rates have decline.

Rates in this sector have tumbled, not only due to the collapsing VLCC market, but also the lack of enquiry and the small armada of cargo free vessels sitting off Gibraltar waiting for their next opportunities for gainful employment. Rates for 130,000mt Nigeria/UKCont have fallen 50+ points to WS117.5, while 135,000mt Black Sea/Med rates fell similarly to WS127 level. In the Middle East market, the focus has been on trips to the Far East where rates have come off, therefore sentiment alone has driven rates down 35+ points for 140,000mt Basrah/Med to low WS90s. However, this level is yet to be tested.

[conix]

Jim Cramer talked NAT up with the CEO and everyone piled in. Now that the momentum traders see that the momentum is gone, they bail out, creating a cascading weakness.

The company needs to announce its dividend increase to take advantage of all the new investors aware of the company.

[Stockmaster74]

Millennial’s trying to day trade a long term investment stock with decent dividends. They are expecting to make millions overnight. GLTA long terms $NAT

[conix]

Nordic American Tankers declares $0.20 dividend

May 20, 2020 6:35 AM ET|About: Nordic American Tankers Li...

(NAT)|By: Mamta Mayani, SA News Editor

Nordic American Tankers (NYSE:NAT) declares $0.20/share quarterly dividend, 42.9% increase from prior dividend of $0.14.

Forward yield 17.74%

Payable Sept. 4; for shareholders of record Aug. 28; ex-div Aug. 27.