Jan. 31 at 5:33 PM
$NAT Re: NAT, specifically: Among all of the oil tanker companies, prior to the "Matter of Venezuela," was the best positioned to improve their earnings against their debt. Strong insider buying from the Hansson clan only served to signal that they also believed this thesis was accurate. But things would have been just as well without any insider buying at all. NAT has a well-maintained, ultra-strategic fleet, comprised wholly of smaller ships which are capable of utilizing any of the major canals. At that time, this meant they would be the most consistent player in a space surviving amidst political instability worldwide [such as could threaten the viability of larger ships (which are canal-dependent.)]
Although I will not sell any NAT shares or LEAPS at this time and will even buy more, the situation has greatly changed because of Venezuela.
$FRO now appears to be the best-positioned. I firmly believe it is a
$60+ company, long-term.
Long term PT for NAT:
$6+.
Short term: Near-
$5 range.
