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NAT - Equity Research Report

Nordic American Tankers: Oil Tanker

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Aurelion Research
Jul 19, 2025
∙ Paid

Introduction

Nordic American Tankers owns and operates a uniform fleet of 20 modern Suezmax oil tankers. Headquartered in Bermuda, the company has paid dividends for 111 straight quarters and, as of Q1 2025, boasts $103M in cash against $210M of net debt, giving it ample liquidity and flexibility.


Investment Thesis

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