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Tsakos Energy Navigation Limited Message Board

  • thomasp2a thomasp2a Dec 29, 2004 9:47 AM Flag

    sell target!!!! long term holders

    for those long term holders... when do you plan to sell tsakos... is it based on the price of shipping tonnage, or your estimates of oil prices, or the state of the company, does anyone have a sell target that would make them sell, any suggestions would be great

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    • [when do you plan to sell tsakos.]

      Why sell?
      The divies are great

      As long as the fundamentals are favorable, I'll hold. When there appears to be an over capacity, I will consider selling.

      .

      ID

    • On several occasions I had indicated that my 6000 shares were for sale at $50 per share. I expect that price or thereabouts to be realized sometime next year. At that time, I may reconsider in light of the alternatives to just staying aboard. The next 2-3 years should be offer fair sailing for well managed tanker stocks with state of the art fleets such as TNP. So $50 may come and go and I will still be a holder. Hope that helps.

 
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