Nov 30 Nordic American Tanker Ltd -
* Nordic American Tanker Ltd issues letter to shareholders
* Expect that Q4 2016 result will be well above Q3 2016
* During Q3 2016 generated cash surplus that was much higher
than cash break even rate, which is below USD 11,000 per day per
* Recent stock issue allowed co to contract for 3
newbuildings to be delivered in 2018, increasing fleet from 30
to 33 suezmaxes
* "We do not expect that results of us presidential election
will affect nat adversely"
* "Low oil price is good for tanker market and hence for
nordic american tankers"
Source text for Eikon:
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