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Non-Tech : Nordic American Tankers (NAT)
NAT 3.680+0.3%Oct 31 9:30 AM EST

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To: The Barracuda™ who wrote (25)7/2/2001 2:46:25 PM
From: Logain Ablar  Read Replies (1) of 52
 
Hi X:

I too expect a drop. Originally thinking of getting back
in around $15 but have a new target of $13. It all depends
on rates and the dividend. I was expecting rates to
support an appx. 80 cent dividend but now think the div.
could go towards mid 60's. the base rate equates to a 33
cent / qtr dividend and the other piece (on the variable
daily average tanker rate) is one quarter in arrears we
have the one quarter lag. Here is the pnf chart.

24 | | 24
23 | X A | * 23
22 | X O X O X X * 22
21 | X O X O 1 O X 4 O * Med21
20 -------+---------X O --B X --X O X O X O --* ------------20 -
19.5 | 9 O X O X O X O X 6 X 19.5
19.0 ----+---------X ----O X O X O 3 O X O X O ------------19.0
18.5 | 8 O O C O X O O X O 18.5
18.0 ----+---------X --------O X O X ----O --O ------------18.0
17.5 | 7 O X O X * O x 17.5
17.0 ----+---------X --------O +-2 ------* --O x-----------17.0
16.5 | X | * O x Bot16.5
16.0 ----+---------X ----------+-----* ------O ------------16.0
15.5 | X | * 15.5
15.0 ----+-----X --X ----------+-* ------------------------15.0
14.5 | X O 6 * 14.5
14.0 ----+-----X O X --------* +---------------------------14.0
13.5 | X 5 X * | 13.5
13.0 ----+-----4 O X ----* ----+---------------------------13.0
12.5 O X X O X * | 12.5
12.0 ----O X O X O X * --------+---------------------------12.0
11.5 A 3 O X O * | 11.5
11.0 ----O X O X * ------------+---------------------------11.0
10.5 O X O * | 10.5
10.0 ----C --* ----------------+---------------------------10.0
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