Chart patterns show NAT stock price forming an ascending triangle, which often precedes bullish breakouts. Watch for volume spikes above $4.00 to confirm. The short answer to this question is probably not. The oil business and global dependence on fossil fuels for energy are gradually ending as newer and more environmentally sustainable technologies increasingly replace oil as an energy source. The oil tanker stocks listed above also produced dismal long-term results for investors in recent years, an example being NAT which saw a decline of 85% over the past decade. Although these stocks may not be a good long-term investment, they can make an interesting vehicle for short-term speculation and day trading due to their volatility. The tanker operator achieved a $24,714 per day Time Charter Equivalent (TCE) across its fleet during Q1, against operating costs of $9,000 per day , yielding a healthy $15,714 daily margin per vessel. This operating performance reflects the current strength in the tanker market. Market sentiment around NAT stock price has improved after management reaffirmed strong charter rates in recent earnings guidance. If spot market rates climb, price targets could exceed $4.20 in the medium term.