Shares of NAT are trading 8% higher today despite glum energy sector. No clear catalyst

Shares of Nordic American Tanker Shipping Ltd (NAT) are trading 8% higher at a price of $3.36 at the time of this writing. Shares of the stock are quickly outmatching other names in the space on what is turning out to be a slightly gloomy day for the Energy sector.

Nordic American Tanker Shipping Ltd has been trading between a 52-week high of $3.45 and a 52-week low of $1.37. The stock has a market cap of $650 Million.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

TempTempapple - 2 upvotes - source
I’m looking at Tellurian $TELL Nat Gas for the Win. Invest at your own risk

TempTempapple - 1 upvotes - source
Take a look at Tellurian $TELL they are a Nat Gas company looking to build a huge export facility out of Louisiana and ship to other countries. They had a big pullback and ready to rip. Invest at your own risk. $TELL

karl_pope - 1 upvotes - source
It's my top choice for a long, i'm just so bearish on everything I don't want to buy right now. Even with all the convincing tailwinds for nat gas I think people are assuming this winter will be apocalyptic. There is a chance that the winter is actually milder than expected. I'm looking for nat gas to be bullish into 2024 and beyond, not for a 2023 winter play.

karl_pope - 1 upvotes - source
yeah I genuinely believe any dips in energy will be bought. But those dips will probably be massive, there's so much volatility in nat gas. Not for the paperhanded