It Politicians have already acted to make health care accessible, which means affordable.
They have also increased funding for precision medicine and cancer research.But new drugs and treatments must be affordable to benefit the public and many new ones are not. Very likely the model will be changed: fewer orphan drugs with monopoly profits sold to a handful of patients.
The biotech sector has sold off substantially after Hillary raised concerns about the high price of new drugs.
So nomatter how promising their pipeline, the revenues they might generate are under doubt. This situation will continue at least until the Presidential election.
These postings are about NAT, not me. If you have relevant facts, you should simply post them for everybody's information.
Your assertions are off mark. CEO Hansen did defend the profitability of the older tankers in the real market place. The vessels are well maintained and perform equally with newer vessels. There is no reason a client would pay more just for newness. Tankers are for business, not a fashion statement. : )
Your argument is off the mark on a couple of points:
1. it fails to account for depreciation and maintenance costs(different from operating costs).
2, NAT operates on the spot market(daily changes) and cannot be expected to lock in rates for 2 year periods.
That said, agree that it is undervalued due to association with energy sector.
Looking forward to info on the Iranian tankers. Last info i saw asserted that the tankers are older and mostly employed as storage facilities. Iranian oil appearing on the world market will result in increased demand for tankers, either as carriers or storers of oil. The lifting of sanctions on Iran appears to favor lower oil prices and higher tanker rates, everything else being equal. To the extent that the Iranian tankers do participate in oil transportation, it would be a deterrence to new tanker orders and even cancellation of existing orders.
Found the graphs ok. I see a decline in rates from the beginning of Q1 to the end of the period, for each year. don't think you can project rates for the entire year based on Q1 rates. Also, Nat has acquired more tankers which will add to profits whatever the rates turn out to be.