This was a great trade, going back for some post mortem as there is a lot to be learned. - started with insider buys - shipping storage narrative all over - search volume peaks, reddit wallstreet bets as the FOMO gets started - NAT CEO on CNBC pumping - love looking back on those gaps up each day, pure FOMO on a chart but my favourite part of this whole chart...
PROs: Trading at 60% below its fair value Earnings are forecast to grow 70% per year 250% return over the past year NAT is forecast to become profitable over the next 3 years NAT’s short term assets exceed its short term liabilities NAT has sufficient cash runway for more than 3 years NAT’s dividends in 3 years are forecast to be covered by earnings Analysts...
6$ again and i see no reason for NAT to bouncing upp. Ill buy more stock tomorrow if it drops again. Day traders leaving the stock and they will return again as fast as they gett it into there heads and understand NAT will earn 5x what they normaly do this half year.
Lots of extra oil, need a place to store it = NAT long
NAT was a breakout candidate we posted early last week. That breakout happened ($5 was the trigger). A close today under $7.50 would be a rejection as key resistance. But $10 is plausible. Remember, this is about demand for new storage of cheap oil as Tank Tops sets in in WTI Crude. If June contract goes negative in coming weeks, the tanker squeeze rally...
Will hold and sell it within the next 6 months Reasons: 1. Every contract they earn 60 000 - 70 000 a DAY it costs them 8000, 52 000-62 000 profit a day per ship they have 23 of them. 2. There contract last 6 months so regardless what oil costs the next 6 months will be pure profits in earnings reports. Selling 50% past 25$. Low risk- potential 35-60$.
First off, don't take anything I say seriously or at face value. As always, my analysis are off opinion basis. That being said, let us get into some of my insights. I believe that, conservatively a short $8 target for NAT is likely to happen, and there seems to be bullish support for a $10 short as well. In terms of long position, it could cross a $15 price...
Fundamental Analysis: Overall shipping stocks are bullish, with gas prices so low and people ordering like crazy off their government checks. It definitely will be my next move in terms of hedging against this Covid crisis. I'm not putting any price targets because the situation is very dynamic and I will most likely take profits depending on how this plays...
NAT - Spiked last week, probably because of oil tankers were catching eyeballs from the egative WTI oil on Tuesday. Tenkan sen crossed over Kijun sen so golden cross was confirmed. Wider green belt cloud ahead interprets to more buyers and higher price. By looking back to see where it came from, $3-ish bottom was the bottom of bottom ;)..
Bullish pattern to resume if prices hold above support. Buyers need to come in strongly with high volumes to keep uptrend. Storage of oil on tankers is normally 25K a day, and it’s been $100K+ a day and is expected to rise even more.
Nordic American Tankers Ltd. is an international tanker company, which engages in owning and operating of Suezmax crude oil tankers. The company was founded by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.
Company continues to benefit from the oversupply of oil, rather than shippers the are now storage facilities Nordic American Tankers Ltd. is an international tanker company, which engages in owning and operating of Suezmax crude oil tankers. The company was founded by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda. PLEASE GIVE US A...
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?
Nordic American Tankers gap up and holding jus above the support
NAT shares are set to confront critical $5/share resistance as the stock pops on the need to move oil out of Cushing with nowhere to put it. Major firms are now looking for this to repeat at June WTI contract expirations.