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Why Tanker Stocks
Sank This Week
Photo Credit: Flickr/Thangaraj Kumaravel
Investors in oil tanker
stocks saw those
investments go up in
flames this past week.
Overall, three oil tanker
stocks were...
GasLog (NYSE: GLOG)
The owner of LNG carriers hit a rough patch this
week as its stock was down more than 11%.
Why GasLog’s stock dropped
 Shares of GasLog gave up some
ground this week after surging
ahead for the past month.
 Even...
Navios Maritime (NYSE: NNA)
Shares of the owner and operator of tanker vessels
sank more than 8% this week.
Why Navios Maritime’s stock dropped
 Research firm Canaccord Genuity
initiated coverage on Navios
Maritime Acquisition Co...
Nordic American Tankers (NYSE: NAT)
Shares of the oil tanker company sank more than
6% this week.
Why Nordic American Tankers’ stock dropped
 Research firm Canaccord Genuity also
initiated coverage of Nordic American
Ta...
Which tanker stock might have further to fall.
 Nordic American Tanker’s revelation
that its second-quarter results will
...
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top dividend stocks!
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Why Tanker Stocks Sank This Week

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Shares of GasLog, Nordic American Tanker and Navios Maritime all sunk last week. Here's why.

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  • https://www.flickr.com/photos/kumaravel/8152974246/in/photolist-jaL5-fo9LzZ-mW4fmZ-8uwEnk-bdD3NP-6oeTQw-6TETsS-efMpis-9fezZw-dqs8cu-5YSzFv-75PZFP-npzi8K-4t7e2C-efMpAs-duuaXE-efMpqY-5y2Rru-6TET4u-aHSm7F-9pzwxu-g8ch6N-9oA8a9-8WBP52-9fHRW3-ap1Zz4-9ox4Zc-2vAhTp-9oA81W-mvsv86-4mtM18-6iid7Z-txPUR-nfU1PZ-bDqUGD-2ZPC77-b5hQRp-jaLi-5D8w93-amGErR-amGEHK-amGEYM-amKtAy-6DYSuv-4VCekq-efPXGA-efJcQr-4VCemq-475K7w-9rbBNo
  • https://www.flickr.com/photos/59937401@N07/5930176734/in/photolist-a32GWs-chEfau-62QSKq-9qUDuJ-bZwG3C-8ip6Yn-CrMvv-a2Y6J8-64gotj-gjJMZC-a2Yc86-5tzhjp-9Zkom5-8i2WXz-fBsQs-nQZguc-7CrchT-7BfThk-jYGnx-9kNTbs-aiphLC-9FPrx5-du8MtP-4Hrq53-BhdpN-8JkcMH-4ZAk72-9hwDnd-9qUFub-9VAoaM-5z3f3L-fxFR1Q-548Abb-9VAAZU-bZwfxo-9hwDJ5-dGo5nf-9K71ih-aeFyin-9qUCso-7WAEm8-ev2AR5-bjB39c-9kMAcY-bZwg4J-eA2zRg-bZwHv5-6bwpmk-9VDo4N-dAu1EJ
  • http://www.zacks.com/stock/news/139242/share-of-gaslog-glog-fell-by-over-8-on-the-day
  • http://www.theflyonthewall.com/permalinks/entry.php/NNAid2034892/NNA-Navios-Acquisition-initiated-with-a-Hold-at-Canaccord?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=theflyonthewall.com
  • http://www.analystratings.net/stocks/NYSE/NAT/?RegistrationCode=SocialMedia-Unknown and http://www.nat.bm/IR/press_releases/1816213.html
  • https://www.flickr.com/photos/76657755@N04/7027588775/in/photolist-bH1eiH-f54gtt-9qRF8r-6QFDYU-4BfaUm-7987Vs-bH1gac-ght8m7-62QVb5-62LD8Z-6hSkjK-5KQyH9-chEaLb-5WEQZB-4sUYDb-aB7uKh-9PSLHY-fKKcRD-bxDiow-dSXXyh-9VADkr-9gYtwj-6c6Q6r-cEHZc1-bi1bhM-9qREU2-9KU6T1-8ip71R-9qUEUf-4e5gDL-8ip6YF-a32J27-8ddtDt-8PWifN-bZwdFC-9kNSHL-9kMUQb-4e1gT8-oh2EL-fEHuLF-5yL49b-5WsjQv-a32GWs-chEfau-62QSKq-9qUDuJ-bZwG3C-8ip6Yn-CrMvv-a2Y6J8 and http://www.nat.bm/IR/press_releases/1816213.html
  • Transcript of "Why Tanker Stocks Sank This Week"

    1. 1. Why Tanker Stocks Sank This Week Photo Credit: Flickr/Thangaraj Kumaravel
    2. 2. Investors in oil tanker stocks saw those investments go up in flames this past week. Overall, three oil tanker stocks were in the bottom 20 performing energy stocks. Photo credit: Flickr/TaxRebate.org.uk
    3. 3. GasLog (NYSE: GLOG) The owner of LNG carriers hit a rough patch this week as its stock was down more than 11%.
    4. 4. Why GasLog’s stock dropped  Shares of GasLog gave up some ground this week after surging ahead for the past month.  Even after this week’s plunge the stock is still up nearly 14% over the past month.  Basically, this past week’s plunge was nothing more than profit taking by investors.
    5. 5. Navios Maritime (NYSE: NNA) Shares of the owner and operator of tanker vessels sank more than 8% this week.
    6. 6. Why Navios Maritime’s stock dropped  Research firm Canaccord Genuity initiated coverage on Navios Maritime Acquisition Corp. this week.  The company was rated a “hold” with a price target of $3.75.  Some investors, however, decided that with that rating, holding on to the stock was no longer an option.
    7. 7. Nordic American Tankers (NYSE: NAT) Shares of the oil tanker company sank more than 6% this week.
    8. 8. Why Nordic American Tankers’ stock dropped  Research firm Canaccord Genuity also initiated coverage of Nordic American Tankers this week.  Nordic American Tankers was given a “sell” rating with a $7 price target.  In addition to that, a shareholder letter from the Chairman was released, which said that the company’s second-quarter results won’t be at the same level as the first quarter.  The Chairman noted that the “market has fallen back.”
    9. 9. Which tanker stock might have further to fall.  Nordic American Tanker’s revelation that its second-quarter results will sink is troubling.  Further, while its Chairman does see an “undercurrent in the market which may lead to increased rates again,” he ended that statement by saying “time will tell.”  That’s not exactly a bullish sentiment, suggesting that this stock might have further to sink. Photo credit: Flickr/TaxCredits.net
    10. 10. A FREE report detailing our top dividend stocks!
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