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Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:21 EDTNAO, NATNordic American Offshore files 5.88M share IPO, price range $16-$18
Nordic American Offshore (NAO) announced the commencement of its initial public offering of 5,882,352 common shares. Since November 2013, NAO has been listed on the Norwegian OTC market. The offering price is expected to be between $16.00 and $18.00 per share. Nordic American Tanker (NAT) owns 26% of Nordic American Offshore. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and DNB Markets, Inc. are acting as joint book-running managers and Global Hunter Securities, LLC is acting as a co-manager for the initial public offering.
News For NAO;NAT From The Last 14 Days
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February 10, 2016
11:15 EDTNAOWorld's largest shipper says conditions worse than 2008, FT reports
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05:39 EDTNATNordic American Tankers says low oil prices 'a boon' for the business
The company commented, "First, we would like to emphasize that we are not in the energy business. The impact of lower oil prices on oil companies and oil service companies has nothing to do with the transportation of oil. A surplus of oil must be transported or stored, which is beneficial to tanker owners. Secondly, there are big differences in the transportation market between dry bulk, container shipping, liquefied natural gas, and the tanker business. It is simply wrong to bundle all of these groups together as one. We have always refrained from commenting on stock prices. In our view investors must ask themselves one key question: Who is benefitting in today's market? In our conversations with market participants, we are left with an impression that this question is not asked often enough. One answer to this question can be found in our results. The oil surplus has led to record tanker demand."
February 8, 2016
05:42 EDTNATNordic American Tankers: Shale oil and oil sand projects to affect oil sector
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05:41 EDTNATNordic American Tankers reports Q4 EPS 34c, consensus 45c
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February 4, 2016
10:52 EDTNATOptions with increasing implied volatility: MPLX BOFI BKS NAT KSS
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