Canada markets closed

Nordic American Tankers Limited (NAT)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
2.9700-0.2300 (-7.19%)
At close: 4:00PM EST
Sign in to post a message.
  • J
    Jeff
    MT-T-Dr was right in what the report said. I did not see any notes on current rates, did I miss it...
  • G
    Gastric Distress
    I just don't understand why the dilution is an issue for some. You have to buy new ships! You either borrow money to do it or issue shares. That is how the biz works. Yes yes you can just pay cash, but that isn't often done as tanker companies usually prefer to borrow or pay dividends. You can't both complain about old ships and them raising money to buy new ships. Listen I don't love all the decisions of this management, but please.....
  • R
    Richard
    The headline of the PR should read - "NAT reports lowest 4Q2020 TCE than every other tanker company that has reported, and gives no information for TCE earned so far in 1Q2021 which should be presumed to be even lower: NAT increases borrowing by $30M from its lender just to use for general administration purposes just stay afloat and pay a paltry dividend that has been reduced by 50%; NAT also sets the stage to issue another $60M in share dilution in the coming months for no stated purpose but probably in order to just to stay afloat and pay general adminstrative expenses; NAT give no guidance on what it intends to do with a third of its fleet which is no past or nearing the age when every other responsible tanker company stops trading them and sells them for scrap.
  • s
    sam
    I believe in tanker stocks because I believe that we are at the bottom of the current cycle.

    I believe that the current super cycle will begin in July. It is when, not if.

    I have plenty of cash available ready for investment.

    I just bought more of DHT. This is the cream of tankers.

    I plan to buy more of either DHT, or NAT next week. Don't believe in going all in at once.

    NAT needs to come down more before I invest in the ugly one.
  • M
    MT-T-Dr
    Dilution every quarter "During 4Q 2020 the Company issued 984,767..."
  • s
    sam
    Herb got it all figured out.
    .
    .
    .
    .
    This baby can go on forever.
    Just issue more shares to pay for the loss and dividends. This will avoid debt covenant breaches.
    Just pay a 3% dividends of 8 cents annually to support a stock price of $2.50.

    There is a chance for stock price appreciation.
    The upcoming super cycle will lift all tanker stocks, including NAT.
  • M
    MT-T-Dr
    Preview NAT earnings call (Hebr presents):

    1. 2020 was a good year overall, strong market (down water weak Q4)
    2. NAT made a looot of money
    3. Dividend is a priority (0,01 div announced)
    4. 2021 and further will be strongest tanker market Herb has ever seen
    5. He will remind everyone that he is a long time in a tanker business, thus he "knows the market"
    6. Q/A. Attacking questions he does not like with "Well you know I am in a tanker market since the begging of time, how long are you in the tanker business ? "
    7. Few lines about NAT being debt free company and repurchase of shares possibility cause of the strong 2021 tanker market.

    What did I miss ?
  • T
    The_Todd
    Been long NAT for a very long-time. I predicted the uptick due to the new administration... what's the general thoughts on tomorrow's earnings report? I anticipate an increase over-time, not sure about this qtr...
  • J
    J
    Should be positive following the reflation trade/economy opening and upward pressure on oil prices. GL longs!
  • q
    qi
    Add 1000 more shares at $3.04 . The report gave us a positive signal for the next quarter. See you at $4+ soon.
  • a
    anthony
    Consensus was a loss of $0.16, so quarter was weaker. Don’t think this was a surprise.

    For the 4th quarter of 2020, the net loss was $28.7 million or -$0.19 per share, compared to a net result in the previous quarter of -$10.0 million or -$0.07 per share. EBITDA (non-GAAP measure) came in at - $5.1 million for the three months ending December 31, 2020, against an EBITDA for the previous quarter of $15.6 million.
  • C
    Chuck
    I guess I must have read it all wrong, what I read was they were smart and got there ships up to snuff while thing were slow and now that things are picking up they are locked and loaded. To me it read like the dark clouds are behind and calm seas ahead.
  • s
    sam
    Don't you guys get it?

    The way to eliminate debt is to borrow more.
  • M
    Mark
    I keep looking through this earnings report to find something positive. I can’t. Not possible.
  • A
    Alec
    This could turn into a good play in March and April it will hit 5 to 6 and pays great dividends let’s go!!!!!
  • S
    Svein
    Catastrofic result for Q4. It was so bad and so much minus that he hade to hide result. 2 cent in dividende say everything. Why do he try to hide the bad result???

    Him self take out a salary from company of 1 million doller pr month according norwegian tax goverment even company go in huge minus..

    Get out the share it will sink to 2.50. The only reason they had surplus for 2021 is that companu sold 11 million share. If it was not for that 2020 will be in minus.
  • M
    Mark
    FRO reported Q4 spot Suez rate of 9.8K well below EURN 12.3K. The guidance for Q1 is hard to explain. FR0 reports Suez spot rates at 17.8K for 68 percent of days and EURN 9.2K for 54 percent of days. Based on posted spot rates these past few months FRO’s out-performance almost hard to believe. Unfortunately we can expect zero guidance from NAT.
  • J
    J
    In December 2020, Nordic American Tankers (NAT +8.0%) director of the board Alexander Hansson purchased 45K shares of the company at $3.29.
    He is the son of Herbjorn Hansson, the NAT Founder, Chairman & CEO.
  • M
    MT-T-Dr
    Nordic American Tankers CEO: 'We have a strong market in front of us'
    www.youtube.com
  • G
    Gastric Distress
    No need to guess. In 6 months we will know. I suspect a good amount of industry scrapping in the first half of 2021. Opec should have inventories balanced by then. Travel should be starting again based upon vaccine distribution which means planes are flying driving demand. And of course the tanker market will be coming into the seasonal rise in rates. If all of this happens and tanker rates still do not increase then you can walk away from this sector. Guessing now that there will not be a rally is a bit premature in my estimation.