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Stock Market & Financial Investment News

News Breaks
February 10, 2014
05:58 EDTNATNordic American Offshore to buy two or more PSVs
Nordic American Offshore, which is sponsored by Nordic American Tankers and is managed by a subsidiary of NAT, currently has six platform supply vessels operating in the demanding North Sea market. PSVs are highly sophisticated vessels, representing the latest in design and technology, and they play an integral role in the logistical chain in offshore exploration and production of oil and gas. The two newbuildings will be delivered in January 2015 and cost about $44M each. Nordic American Tankers owns 26% of the share capital in NAO at a cost of $65 million. NAO will be operated essentially along the same strategic lines as NAT. This includes an active dividend policy and the prudent use of its resources to ensure a top-quality fleet at all times. The plan is for NAO to be listed on NYSE later this spring. NAO is now listed on the so-called OTC in Oslo, Norway. The stock price of NAO has gone up about 10% since it came onto the OTC at the end of November 2013.
News For NAT From The Last 14 Days
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April 8, 2014
12:00 EDTNATNordic American Tanker falls 9.8%
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10:00 EDTNATNordic American Tanker falls 10.1%
Nordic American Tanker is down 10.1%, or 96c, to $8.50
09:00 EDTNATNordic American Tanker falls 10.5%
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April 7, 2014
19:23 EDTNATNordic American Tanker 12M share Spot Secondary priced at $8.62
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19:05 EDTNATOn The Fly: After Hours Movers
LOWER: Gigamon (GIMO), down 24% after cutting its first quarter revenue outlook, which the company attributed to one expected large transaction from an existing customer that did not materialize... James River Coal (JRCC), down 44% after filing for Chapter 11 bankruptcy... Trading lower after filing to sell stock were Nordic American Tanker (NAT), down 8.5% after filing to sell 10M common shares, and Voxeljet (VJET), down 4.7% after filing to sell 4M American Depository Shares, including 1M for selling holders.
16:02 EDTNATNordic American Tanker files to sell 10M shares of common stock
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