Nordic American Tankers Ltd (NYSE: NAT) – Christmas Greetings. Optimism is governing our thoughts.

Rhea-AI Summary

NAT shares a year-end message with investors, highlighting positive trends in oil demand and low global inventories.

They report one of the lowest debt levels in the tanker industry, offering operational flexibility.

The board members have recently increased their shareholdings, indicating confidence in the company’s future.

NAT remains committed to maximizing earnings and dividends while continuing global operations.

Positive

• Increased demand for oil supported by low global inventories.
• NAT has one of the lowest debt levels among publicly listed tanker companies.
• Board members have recently increased their shareholdings.

Negative

• None.

 

December 20, 2021

Dear Shareholders,

As we are approaching the end of the year, we would like to extend our best wishes to all our shareholders and their families.

Several fundamentals are now pointing in the right direction. Oil demand is increasing, confirmed by the low oil inventories globally and orders for new tankers at the shipyards are at a low.

NAT has one of the lowest debt levels among publicly listed tanker companies on Wall Street. This low debt gives us room and flexibility to maneuver.

Over years, it is our experience that it is darkest just before dawn. NAT is well positioned when the sun shines on our fleet again.

NAT will always work for the highest possible earnings and dividends.

Our ships continue to visit all corners of the world.

As per previous communication, NAT board members have recently increased their share holdings.

We wish you all the best for the upcoming Holiday Season!

Best regards,

Herbjørn Hansson
Founder, Chairman & CEO

 

FAQ

What are the recent developments regarding NAT's financial health?

NAT has one of the lowest debt levels among publicly listed tanker companies, providing financial flexibility.

Is there any indication of increased confidence from NAT's board members?

Yes, board members have recently increased their shareholdings, signaling confidence in the company's prospects.

What is the current status of oil demand affecting NAT?

Oil demand is increasing, as indicated by low oil inventories and orders for new tankers at shipyards.

What is NAT's commitment to shareholders regarding dividends?

NAT is committed to working for the highest possible earnings and dividends for its shareholders.