Shipping Oil and Gas

I read an article about the shipping magnate who owns Frontline, one of the world largest fleets of tankers. His shares are down well below the normal yet he says his gut tells him now is the time to buy tankers. Of course tankers depend on economic activity. So right now all the public traded companies are down around the bottom or just off. The main players appear to be Teekay, Frontline, Overseas, Tsakos, and Nordic American. There is another comapny General Martitime but they have gone through chapter 11 and cannot right now be considered a buy. Below is the compared chart of these players over the last 6 months. It shows that Frontline has fallen further than the others, and reading their results they are just not getting the contracts others are. The two best performers are Teekay and Nordic. Of the two Teekey share value has held up better but I am attracted to Nordic who pay a stunning 10% dividend and who have paid a high dividend for over 5 years consistently, not easy in a cyclic market. Their 5 year share price is shown above the comparison. They trade at around $11 on the US market and that is down from over $40 at their peak. The dividend is outstanding and they appear to be a more solid company in a market with some wild cards.