When the "known" bad news on TNK is not discounted at a share price of USD 1,72 most investors should bet the buck again: that there's "something" negative out there, which is only "known" to those who DO know.
Too much self dealing by insiders...the TIL transaction should NEVER have gone through...board members are selected not to protect the stock holders interest but that of the insiders who are all but raping this company...
Scrapping update! Two VLCC and a Suezmax scrapped this past week. That's 2 VLCC, 4 Aframax and 4 Suezmax in the past month. Hope they keep coming!
TNK as well as TIL both don't have too many ships on long term contracts. Therefore, currently both don't earn much per share. However, in the long term they're both betting that the price for shipping will increase in the next 12-18 months. If they are correct they will outperform all other companies in the industry. If the price doesn't increase much they will under perform. Most other companies in the industry don't have so many ships without long term contracts. I always want to know the truth only. Everyone who did more research than me please comment.
Bob, with this latest post it seems like others are finding it's a good time to buy at lows. Would you agree?
Schedule 13D is commonly referred to as a “beneficial ownership report.” The term "beneficial owner" is defined under SEC rules. ... Schedule 13D reports the acquisition and other information within ten days after the purchase On June 27 2017 they acquired shares and have a 5.22 percent ownership which requires the filing of this 13 g