Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "NewLead continues to deliver on its commitments to create value for its shareholders and grow its fleet while improving the age profile as well as their tradability, increasing the cash flow as well as the revenues of the Company. Today, NewLead's average fleet age is 7.39 years compared to 17.84 years at the beginning of 2014."
Mr. Zolotas, continued, "NewLead invested in young, high quality sophisticated bitumen tanker vessels to capture opportunities in emerging economies and niche markets with relatively low competition. NewLead's long term relationships with oil majors and fuel oil companies will allow responsiveness to market opportunities as well as support its commitment to continue to grow its fleet."
All about the fleet and NEWL does have one to take advantage of the market.
With such fundamentals undiminished, combined with the favorable development whereby the central government has begun to allow city governments to adapt certain restrict measurement to local conditions and more ready financing for first-time home buyers, we will step up our sales efforts, diversify product development, and expect our sales revenue to steadily increase in a long run," concluded Mr. Xiaojun Zhu.
Why would anyone sell. Charts have turned, 3-4 major events likely which any would send NEWL flying.
both LRE and EXXI could have big days.