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Nordic American Tankers Limited (NAT)

NYSE - Nasdaq Real Time Price. Currency in USD
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3.4150+0.0750 (+2.25%)
As of 3:46PM EDT. Market open.
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  • S
    Steve
    Gastric Distress; I will respond to your comment regarding the world opening up and how ALL the tankers will be filled with Oil traveling everywhere. This is your opinion and I respect peoples opinions and thoughts, but is an opinion, that's it. Everyone of my posts; on this board, have actual information on NAT and their performance. My opinion against your opinion is why you own NAT and I have a short position. Try to remember I once owned NAT and got extremely lucky when rates went to over $150,000.00 per day. NOW I own FRO because they have superior MGMT.; they don't issue dividends when they don't have free cash flow and they don't issue stock to pay a dividend. FRO has the youngest fleet in the oil industry, they have plenty of cash on hand and their debt was restructured at lower rates and is pushed out into the future. NAT is running out of time; NAT has reduced it fleet from 30 to 23 and is the oldest fleet in the industry. FRO's capitalization is fair, but the capitalization of NAT is questionable to say the least. Last year I held over 100,000 shares of NAT at a cost basis around $2.00; traded NAT and eventually sold my entire position around $9.00, $8.00 and $7.00. Did I get lucky; absolutely, but I learned from all the ways NAT presented itself over the last 4 years. Now I want to help others to NOT make a mistake believing the statements regarding ALL the great things NAT is doing. Why does Herb not open the company for questions; why has the stock gone from $40.00 to $3.00, why is a dividend being paid when rates are so low, why were 8,000,000 shares issued last year when rates averaged over $50,000.00 per day for the all of 2020. If 2020 was the best year for the tankers ; in 10 years, why is the Balance sheet so weak. I can guarantee you that Herb is going to have to raise a lot of cash this year; how do you contract 2 new ships and you are losing money hand over fist for the last 3 quarters, still paying a dividend. I believe Herb thinks money grows on trees; with the threat of INTEREST RATES rising, do to inflation and all the money that has been printed, Herb has painted the company into a corner. You can believe in NAT; that's your choice with NO facts just your opinion. I have stated my position and we disagree, but I print what is true and I don't mislead others on this board. I post facts from NAT's own web site and then I render an opinion. I have been positive and negative on NAT. If rates don't go up in the next 4-6 weeks; NAT is in big trouble; MY guess NAT will scrap some of their ships to raise cash, try to borrow some money or issue more stock. Good luck and I would read any FACTUAL information you would like to post. You are not muted; only the clowns get that position.
  • I
    Ian
    Well it's been emotional, held this for a little over a year and averaged down to 4.28 on 1495 shares. Couldn't hold anymore as I see far better investments in the crypto space. Out with a 1700 loss but hopeful I can regain it elsewhere.

    Good luck hodlers, I'm out!
  • J
    John
    192 Institutions Holding Shares in NAT.....Why?
  • S
    Steve
    @AG; Enjoy your Rust Bucket fleet; ALL that was posted is FACT, stay with the Dividend King and I will see you in the $2.00 range. The 1st. Quarter will be horrible and the 2nd. quarter is looking the same; numbers don't lie only people. The debt this company will have coupled with the share dilution is a burden that NO other shipping company has on a percentage basis. Listen to what Bluefin stated and there lies another mis conception from Uncle Herb; as always, Uncle Herb is right and the industry is wrong. With rates where they are ( Over $10,000.00 below breakeven ) where do you think Uncle Herb is going to get the cash they will need for the dividend and for CapEx. ????????? More shares issued and borrow more cash; this has been NAT game plan for the last 15 years!!!!!!!!! Learn how to read and research and stead of believing what Uncle Herb is telling you; you LUTE what I mean. The ONLY thing that can save NAT is higher rates, stop paying the dividend and issuing more stock to finance the company. Eventually the OIL industry is being replaced with more GREEN alternatives and this will start to affect the transportation of oil; just like many other industries, in the past. I will hold my SHORT position; it's not life changing, but NAT is a CON game and I was lucky to benefit last year and I won't make the same mistake twice. I own FRO and it will benefit greatly because of their size and diverse fleet, youngest fleet in the industry, strong Balance sheet, Strong Mgmt. and the ability to use common sense when called on in difficult times. So there you have it: I own FRO long term and I'm glad I have NO NAT holdings, but a small short position. AG open your eyes; it's not to late, I expect NAT will have around 15 ships in the next 3 years; more debt and more stock issued to the marketplace. Less ships: Less revenue. More debt and it's coming: Less flexibility. More stock: Less Profits.
  • S
    Steve
    @ William; to bad for you, you need to grow up and listen . I am way ahead of you and making cash; next stop is NAT selling old rust buckets and issuing more Stock. Banks won't buy into Uncle Herb; the dividend King, anymore. Wait and see it's coming.
  • A
    Ag
    @Steve

    Their fleet consists of 25 ships (2 of which will be delivered next year). 13 of those (52% by my math, not your 2/3 claimed) are 16 years or older. Annual report says that ships life can be up to 25 years. Even if they replace all 13 of those ships at a current NB price of $68.5M, and scrap prices are about $10M, so the net cost is $760M, not the nearly $1B that you claimed.

    Have invested for many years in NAT, just bought 20,000 more yesterday at $3.23. This stock has a much, much larger potential than a potential downside, as the resale/scrap value of the ships provides a floor which isn't much below today's price. Dollars on the upside, dimes on the downside. But go ahead and keep shorting it if you want, that will guarantee future buying power in the future :)
  • A
    Ag
    Recently released report from Goldman Sachs: "the biggest jump in oil demand ever – a 5.2 mb/d rise over the next 6m, 50% larger than the next largest increase over that time frame since 2000 and almost twice as large as the biggest 6m supply rise since 2000."
  • S
    Steve
    @ AG; one more fact coming your way: When NAT reports their 1st. and 2nd. Quarter numbers: NAT will have a Market Capitalization of a Billion dollars ( Debt and Stk. Price at $3.33 per share ) with a fleet that is getting older every day, but Uncle Herb keeps telling everyone: NAT is a luting dividend company and they will continue to pay a dividend that is taxed; where as, a higher share price is not taxed ( Until you sell ) What would you rather have: a $2.00 stock or a $10.00 Stock? I bet Herb and his son will sell like crazy if they could get $4.00 for the holdings; Do you really believe Herb and his son aren't selling stock when they have an opportunity; they never tell you that, but they sure love telling you they bought the stock. The cycle continues and you need to recognize that it continues. I'd do the same thing if I could pull it off. A question for you: How do you think all those investors that bought last year at $8.00 and $9.00 feel right now? They are praying for $100,000.00 daily shipping rates; not $8000.00., because they are seeing the NAT picture for what it is and the penny dividend means NOTHING to them. You LUTE what I mean; just like Uncle Herbie told the analyst community a few years back: I don't answer these questions; NAT ships oil, that's what we do. WOW; how about that, that's why we don't have open questions anymore from analysts. Maybe it will change, maybe not. I suspect as long as Uncle Herb is getting awards, it won't happen sooner than later.
  • A
    Ahmed
    It should be heading towards $4-$4.5 range now ( I hope so within 2 weeks)
  • M
    Mark
    Always a gem or two in the 20F if you dig deep enough. Page 59 “We have an agreement with a company owned by a Board member for the use of an asset for corporate and marketing activities. We have in 2020 paid a fixed annual fee of $0.2 million, operating cost of $0.3 million and fees associated with actual use.”

    Half a million per year, probably a plane, or maybe a yacht docked in Monaco. What a joke.
  • M
    Mark
    NAT 20-F is filed with SEC. Really surprised no impairment charge for 2020. One noteworthy item is NAT issued 3 million shares since January 1st through ATM for total of $10 million, rounded off, page 53 on report.
  • C
    Crazy Ivan
    Time charter rates for Suezmax are up this week compared to last week. Not by much, but it’s something. VLCC rates are down slightly this week compared to last week. For the time being I’m going to pretend that this is good news for NAT. 
  • S
    Steve
    Don't believe the CON game; there are presently a ton of empty VLCC's, Suezmax's and Aframax's sitting in dry dock and empty. It will take a massive amount of oil demand to fill up the worldwide fleet. NAT's rust buckets will not get the going rate or will be put into service by many responsible oil companies. Why would a responsible company take undo risk when there are plenty of ships to contract. HELLO. If NAT goes to $4.00 I will double down my short.
  • W
    William
    Love these Rust Buckets
  • A
    Albert
    I am so looking forward to this company's earnings report
  • S
    Steve
    Gastric Distress; let's see some information, then comment. There has been NO major scrapping and NAT is holding all it's ships. 5 NAT's ships should be on the block right now.
  • m
    m02
    Any hope this stock goes to 5 this year?
  • A
    Albert
    Why the jump in price?
  • S
    Steve
    Well now Uncle Herbie is the King of Dividends and his son bought into it! Uncle Herb talks about the dividends paid, but doesn't mention the debt on the Balance sheet and the age of the fleet. 2/3's fo the fleet are 16 years and older. One ship is closing in on 22 years of age. Can you imagine the debt that NAT will have to take on replenishing the fleet? About a Billion dollars over the next 5 years; not to mention, 2 years ago the fleet consisted of 30 ships, now 23 ship. With less ships, less revenue. Plus; here's the best part of paying all these dividends: Look at the dilution of stock that has been issued by NAT. A con game at best: a lot of debt and millions of shares issued to raise cash and pay a dividend. Uncle Herb should have additional titles: Incredible dilution of shareholder value, an old declining fleet in size, more and more debt for the sake of a dividend. Price of this stock was in the $40.00's and now it rests at about $3.00. Uncle Herb is one of the lute cheerleaders around. Good luck to those that buy this story; especially with headlines that Herb's son just bought another 40,000 shares, join them for the game of: King of Dividends. We will talk when NAT sees the $2.00 range.
  • S
    Steve
    @ AG; the 13 ships you refer to in your post have an average age of: 17.92 years!!!!!!!!! Which is 56.5 % of the fleet. Add the other 5 ships and the aver age of these 18 ships is: 16.11 years old!!!!!!!!!!