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Tsakos Energy Navigation Limited Message Board

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  • efficient_frontier2002 efficient_frontier2002 Dec 9, 2004 12:27 PM Flag

    Quiet

    Not only that, but ...

    1. The $7/share is likely to grow rapidly in '05 and beyond due to ...

    a. TNP gradually becoming liberated from its current low-profit time charters. (I really don't care whether TNP increases its spot exposure or negotiates much more lucrative time charters.)

    b. Newbuildings -- TNP said in the last CC that the cost of these 14 ships is around $700M and that the current market values of some of these ships has "almost doubled". (12/9/04 TNP market cap = $750M.)

    2. TNP's 12/9/04 Book Value is around $24. TNP has about the lowest P/BV in the industry. And of course the $24 figure wildly understates the market value of TNP's current fleet of 27 ships.

    3. Finally, the weather is getting colder in the northeast U.S. ...

    http://post.messages.yahoo.com/bbs?.mm=FN&action=r&board=1604234841&tid=tnp&sid=
    1604234841&mid=2938


    ... and this should help all tanker stocks including TNP in the short run.

 
TNP
9.26-0.18(-1.91%)Jul 27 4:02 PMEDT