In the current situation, there are very few companies that can solidly make a profit.
Nordic American Tankers are one of them.
Big investors rent out these ships and pay them to store their OIL.
With the oversupply of oil and shortage of storage, Tanker companies charge more for holding the barrels.
On average, it cost 4 times as much a day, then a year before.
Their CEO also said: they have the potential to earn their entire market cap. in a single year.
Bonus: the ships aren't moving so their fuel cost low as hell, leaving the company more profitable.
Nordic American Tankers are one of them.
Big investors rent out these ships and pay them to store their OIL.
With the oversupply of oil and shortage of storage, Tanker companies charge more for holding the barrels.
On average, it cost 4 times as much a day, then a year before.
Their CEO also said: they have the potential to earn their entire market cap. in a single year.
Bonus: the ships aren't moving so their fuel cost low as hell, leaving the company more profitable.