Nordic American Tanker Is Cruising By Jim Cramer About this article: I have championed Nordic American Tanker as the way to play the oil tank business because it has the best balance sheet and the best fleet of ships. Its dividend payout history is by far the best in the oil tanker industry, with only Frontline coming near it. But the stock's been a huge disappointment, and the payout was cut drastically yesterday. In the meantime the dilution from buying new ships hasn't helped one bit. And I think it's a buy. I am thrilled that JPMorgan apparently agrees me, taking the stock from a sell to a hold, which is certainly a better all-around call than I have made on it. Why is it worth buying? Because day rates, which have plummeted to $10,000 after being much higher the previous quarter, are now so low that the stretched balance sheets of the competitors will at last not... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.