Nordic American Tankers long idea
another idea from one of the forums. timestamp for future reference.
Nordic American Tankers - a company providing transport services with the use of tankers in the Suez Strait.
Very cyclical, but it seems that the bad period is behind the industry because prices have risen significantly in the last quarter. In the fourth quarter $ 34k per day and in the third it was $ 16k. Will it continue, we will see. But every turmoil in a hot region raises prices. It also appears that, according to the well-known mining stocks scheme, over the years the low prices companies have reduced orders for new tankers and now demand is outstripping supply P / B 0.88.
Nordic American Tankers - a company providing transport services with the use of tankers in the Suez Strait.
Very cyclical, but it seems that the bad period is behind the industry because prices have risen significantly in the last quarter. In the fourth quarter $ 34k per day and in the third it was $ 16k. Will it continue, we will see. But every turmoil in a hot region raises prices. It also appears that, according to the well-known mining stocks scheme, over the years the low prices companies have reduced orders for new tankers and now demand is outstripping supply P / B 0.88.
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