Tsakos Energy Navigation Ltd T.TNP

Primary Symbol: TEN Alternate Symbol(s): TEN.PR.E

Energy Oil & Gas Midstream

Tsakos Energy Navigation Ltd is a Greece-based provider of international seaborne crude oil and petroleum product transportation services. The Company operates through the maritime transportation of liquid energy-related products segment. The Company's fleet consists of 70 vessels, constituting a mix of crude tankers, product tankers, and liquefied natural gas (LNG) carriers, totaling more than 7 million dwt. It includes VLCC, Aframax, Panamax, handysize, handymax tankers, LNG carrier, and DP2 shuttle tankers, which allows the Company to serve its customers' international petroleum product and crude oil transportation needs.

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Tsakos Energy Navigation Ltd

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Comment by oilandgas111on Jun 15, 2011 3:05am

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Post# 18716518

RE: RE: Strong support at 1$

TransAtlantic Petroleum (TAT): TransAtlantic recently bought Thrace Basin Natural Gas (TBNG). The Texas-based company had a market capitalization of $699 million and a forward P/E ratio of 28.86 as of June 8 close. Analysts expect the company to have a 81.8% EPS growth next year.
On the other hand, the company has a negative profit margin. ROA is -20.65, while ROE is -30.80%. SMA50 and SMA200 ratios are -21.16% and -32.43%, respectively. Earnings decreased by -77.29% this quarter. Debts had an increase of more than 1100% during the last five quarters. No wonder, why Pickens sold out all his holdings in TAT. Selling is the best for now

So they estimate EPS2011=0.07 and EPS2012=0.126
so at 1.5$ we have 2011 PER=21.4 and 2012 PER=11.9

The big oil companies are valued at PER between 5 and 8. So we still have some downside potential here. I am buying under 1.5$.

Julien

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