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Chicago-Paul

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Chicago-Paul

Re: KJAX post# 427

Tuesday, 02/04/2020 11:05:20 AM

Tuesday, February 04, 2020 11:05:20 AM

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I agree. Paying-Off Debt is strengthening TNK's Balance Sheet for the long-haul. It is a very conservative move.

I also like the fact that they are selling some old assets while the Tanker Business is booming. Too many Companies sell assets when the Sector is down - and that just leads to depressed sale prices.

TNK should be announcing earnings around February 20th or so. I'm hoping for a really great quarter.

EURN had a killer quarter also and their Balance Sheet is very, very, solid. So EURN might be a good choice for a Shipping Stock also. Plus, EURN pays a dividend.
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