That was once a popular parlor game. The new one is Truth, Truth, Whose got the Truth. Why is NAT down now instead of the continued run up?
A few suggestions for consideration. Did you notice the DOW broke a down record streak? Did you notice that the Chinese stock market has sold off? Did you notice CNBC's scary news about the sell off may have helped the sell off. My charts have been mostly red across the market.
I will quote a large stock holder of NAT stock. "I like the stock and I like the dividend." Check the bank interest rates currently at $ .005 or 1/2 %. I think I still like the stock. Management of NAT seems to believe their strong balance sheet, the current daily rates will allow better dividends in the future with the increase in the fleet with the two purchases of tankers. Did you notice that purchases drop the stock price temporarily?
KMI is spending 2 B dollars to extend pipelines from the Marcellus Shale to the New England states. Their dividend almost always goes up every quarter. Stock price went down following the announcement and the current market trend. This morning the market may be up. The FED report could effect the market as usual this week. Do I know which way it will move next? Absolutely not. NAT has been one healthy survivor since the market correction of the over bought tankers available over 5 years ago. Look at FRO which was once a high priced stock but almost went bankrupt and has had to go through M & A to survive. You be the judge.
One optimistic issue has recently shown up in Ohio that is now refusing to receive dumped flow back fluids that have been trucked in from the drillers in the Marcellus Shale in PA. If they start using ESPH technology, that will solve the problem at the well heads.
Hurst, your opinion will be rewarded when the water issues become a more central concern. Also, the cost of trucking water to deep storage wells make the ozonix process a value added proposition. The international sales projects have been successful in Brazil, but the international sales firm needs to finalize more deals. That process has taken much longer than I have expected, but I am not in position to analyze all the difficulties. I do know there has to have been many many efforts by small firms or brokers that often end in a fruitless chase. I still buy on occasion when time passes to avoid conflicts of interest.