yeah they are using up that credit facility fast. good news not due until 2020 .i dont see how they can buy additional ships without issuing equity. north sea area still looks terrible. 61 stacked psv down from 65.
0-star analyst Douglas Mavrinac from Jefferies rated $NAT w/a SELL. Douglas has a 35% success rate. as per tip ranks
i haven't read much about them,and dont know much about mechanics of preferred. but each one by self is worth more than common. i was thinking combine common + two preferred. do they have bonds? reverse stock split and relist as new entity. common would get killed even more.
yeah they where raving about green giant most of call. hope they can walk and chew bubble gum at same time and not let other brands fall back. great news that green giant adds scale to all business lines and reduces costs. also the logistic company they hired seems to be really performing.
they were suexmax. NAT owns some hyundais now. only constant is they only buy korean. doesnt matter cause wasnt true.
id say bottom is in. just gotta wait for projects to come online. when china is choking from coal and africa still burning wood for cooking fuel. will have many demand prospects. too many ships for 2016 but dorian has nice debt profile
Iran doesn't have a significant clean product export market yet. but Saudi arabia just expanded there clean product ops significantly along with america. iran is mostly Crude only not refined product.
im bag holder. if have profits take them. dont think share price is justified. nothing has changed NAO is still losing money. may be better into summer. but i am starting to wonder if north sea is sustainable. the high tax rates of norway and UK. how can they compete with ME countries?
that is an complete lie about 80 million. debt has been constant 250 million on the revolver since the tanker crisis began 5 years ago. they issued shares instead of drawing. and recently went up to 267 million.
rumors are that NAT is buying 15 year old Hyundai(s) for 25 million a piece. might be waiting to close that deal.
TNK stock price has under performed NAT for 5 quarters, which in end is all that matters. on paper they should be trading higher but is just not happening. i am gonna take profits soon in NAT waiting to see if short squeeze happens first with those 20% short