Opinion on  Nordic American Tanker Shipping Ltd. (NAT)     Sector: Transportation  >  Industry: Water Transportation
Oil shipping game

I'm not the best at calling tops or bottoms. Don't claim too, tanker stocks flux radically fast based off of allot of speculation. NAT has a good yield all this of course makes it attractive. I believe this quarter you can probably pick it up on the cheaper side of 30-34 bucks. I like the transparency of the ceo and company. He straight forward and in the shipping market that is a rare quality from the boss. I think I bought it a little to quick, but won't lose any sleep over it. I'm sure by january or feb I will have a chance to take another look on the green side of things. 3rd quarter is weak why is that good? because of all the spec about the spot market rate in the 4th quarter. Would rather have a week upcoming quarter than the one in the future. Market mentality seems to pay more attention. earning is nov 5th divend is as of on record of the 20th I believe. Anyway maybe wait for the overreaction to the news we already know. Buy and enjoy when they start talking inventories and weather in the 4th.

Opec is expected to increase oil production 750k barrels a day.  Dec 5th is day of this is expected to be made formal (this is my understanding). it should give a nice bump to NAT.  Spot rates have increased, I believe you can expect a 10% gain from current price. In a short time frame.2-3 weeks.

Opec keeping production at current levels. I still think Nat is a great buy at this price. So much so I wish I would have waited to get it at this price, But so its goes.

Opec keeping production at current levels. I still think Nat is a great buy at this price. So much so I wish I would have waited to get it at this price, But so its goes.