With Oil Prices Surging, Is Nordic American Tankers a Buy?
Nordic American Tankers (NAT) anticipates increased demand for their Suezmax tankers in the coming days since OPEC and Saudi Arabia decided to expand oil output by more than the previously projected 400,000 barrels. However, considering its lack of profitability and low-profit margins, would it be worth buying the stock now? Let’s find out. shutterstock.com –…