Nordic Tanker CEO Says Oil Glut Is Creating Revenue, Stock Trades Higher

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Nordic American Tanker Ltd (NYSE: NAT) is the third-largest oil tanker company and is taking advantage of the limited availability of oil storage by charging nearly $70,000 per day for ship usage, CEO Herbjorn Hansson told CNBC's Jim Cramer.

Nordic's Clients Include Exxon, BP

Nordic American doesn't "speculate in oil" prices, rather it speculates on "carrying oil" for clients, which is a whole different story, Hansson said Friday on "Mad Money." 

The company's client list includes "all the big boys" like Exxon Mobil Corporation (NYSE: XOM) and BP plc (NYSE: <a class="ticker" …

Full story available on Benzinga.com

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