Tsakos Energy Navigation Ltd (TNP)

[Stormvest11]

4 Reasons Low Oil Prices are benefiting tankers.

1. It puts cash in consumers pockets, which in turn stimulates economic growth, which in turn increases oil demand. 2. Cheap oil price boosts oil demand, which boosts sea trade. 3. I gives oil traders lots of opportunities to punt on future price increases by tanking advantage of contango situations by holding tanker. 4. Lower Bunker Prices: With bunkers being the highest expense of a tanker; in the 60-70% of expenses region, oil prices at current levels represent a huge windfall for tankers. TNP is set to soar.......