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Tsakos Energy Navigation Ltd T.TNP


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

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.


NYSE:TEN - Post by User

Comment by oilandgas111on Jun 30, 2011 2:47am
237 Views
Post# 18783102

RE: Could be bottoming out

RE: Could be bottoming outAs I said before when we were at 3.5$ this stock is going to 1$ (we are not that far now)
At 1$ technicaly u have very strong support and fundamentally we would be priced at around 4 times cash flow of this year which is the average for oil and gas companies.
As I said to houndtrader 6 months ago I will wait 1$ to buy this stock. Just need 2 or 3 more months and be patient.....
Good luck to u
Julien
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