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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Original Mad Dog who wrote (7543)	4/11/2001 10:52:01 PM
From: John Pitera	Read Replies (1) of 15481

Both VLCCF and NAT are super tanking companies and have long term leases with RD and BP respectively. NAT I know was spun off of BP in the 1990's, it seems for both tax advantages and to have the ships fly under a more liberal maritime flag. I think they have to pay out 85% of their earnings in dividends, that's why the dividend yields are so high. I think both of them are pretty good holdings to have, esp. in an IRA or 401K where you don't get hit with the big tax payment on dividend income if one is in the upper tax brackets. I would not chase VLCCF up a long way to buy it. I've spent more time looking into NAT, than VLCCF, but the sector they are in looks good. John btw.. Jane can not spell my name -g-

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