When a financial wiz like Will Leitch is wondering why the Street.com would invite Lenny Dykstra to write a column (link courtesy Repoz), the answer is pretty fucking obvious.

They couldn’t find Wayne Root’s telephone number.

Bermuda-based Nordic American Tanker (NAT:NYSE) owns and operates double-hull oil tankers.

The stock has been hit in the past week along with energy stocks generally, and specifically after the company reported disappointing earnings Monday. Nordic American fell 1% to $35.25, but I think it’s ready to make a move back to $40.

The company has the best balance sheet in the industry: no long-term debt, a high current ratio (current assets divided by current liabilities), and a credit facility in place if needed. The stock is trading near its 52-week low, which appeals to me more than chasing momentum on the new-high list. What I really like about Nordic American is its current dividend yield of 9.4%.

Underlying demand for oil continues to be strong, and the company is well positioned to benefit and maintain its dividend in full. Tanker rates are seasonal, and for the quarter ended Sept. 30 averaged $23,000 to $24,000 per day. Fourth-quarter rates are confirmed to be quoted $48,000 to $50,000 per day. Furthermore, there is a mandatory schedule for the phasing out of single-hull vessels because of legislative and environmental restrictions imposed by governmental agencies. As a result, Nordic American is in a favorable long-term competitive position due to the makeup of its fleet.