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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

Post by SydViciouson Nov 29, 2017 11:25pm
169 Views
Post# 27060498

Thrace Basin Heating up

Thrace Basin Heating upFor those who haven't seen yet I would suggest taking a look at Valeura Energy (VLE) and their Thrace Basin well announcement with Statoil!  Things are heating up in the basin at last, after a seeming eternity (I've been a long term long suffering TNP shareholder). 

If the VLE/STL well really proves up an extensive Basin Centred Gas Play then the other name worth looking at, and equally as forgotten as Valeura was prior to last week, is Transatlantic Petroleum (TNP). 

TNP have 50,000 net acres in the block next to VLE's Banarli Licence (check the IPAA presentation on their website in the appendix for the location in the BCGA play outline).

https://www.transatlanticpetroleum.com/media/16734/2017-03-22-IPAA-OGIS-NEW-YORK.pdf

Similar to VLE the leverage to success is high - TNP still have only 53m shares outstanding and are trading at PDP PV10 value with a market cap of <$50m.

I own both stocks for full disclosure, just think TNP should also see some love off the back of this potential game changing well for the Thrace basin.
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