NAT will pay some of its largest dividends in its history this year, with global storage demands at an all time low they can charge higher rates for their storage of oil. With airlines and travel being greatly reduced I do not see any reason why we won't have an oil storage crisis for the rest of this year at a minimum.
I am a buyer at $5 and below, with a price target of $10-12$. The probability of losing money on this is low IMO. Their Q2 results should be the best they have ever had.
They have 21 super tankers that hold a million barrels each.
I am a buyer at $5 and below, with a price target of $10-12$. The probability of losing money on this is low IMO. Their Q2 results should be the best they have ever had.
They have 21 super tankers that hold a million barrels each.