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Monday, March 8, 2010

An easy shipping play

Now that shipping is in play, here's a number that can move fairly nicely with a lower risk profile--Nordic American Tanker (NAT 29.86).

At 2:57 am they put out this press release:

So far into the first quarter of 2010, at the time of this writing, we observe a spot suezmax tanker market which on average is well above the level of the fourth quarter of 2009. Based on the market so far in 2010 we therefore expect the dividend of the Company for the first quarter of 2010 to be substantially higher than the dividend for the fourth quarter of 2009, which was $0.25 per share.

The stock can go up 10% fairly easily and fairly quickly without making you sweat.

2 comments :

Anonymous said...

why all the movement lately in shippers...i was eyeing PRGN before it started moving and today and last friday all shippers started to move.

what are your thoughts on DRYS?

Palmoni said...

The one everyone plays but it's diluted almost beyond recognition.