Catacosinos declines to comment on the TNP acquisition, which goes to a shareholder vote on Sept. 22.
Below is a three month price history chart comparing the stock performance of TNP, versus ENB and NOV.
FORBES: Tsakos Energy Navigation Stock Getting Very Oversold
Below is a three month price history chart comparing the stock performance of TNP, versus MMP and EPB.
Recently I attended the first annual gathering of The Nantucket Project (TNP).
Robert Rubin, a bond analyst with Bear, Stearns, thinks regulators will seize on the change in control to gain concessions from TNP.
Tsakos Energy Navigation (nyse: TNP - news - people ), Greece's third-largest shipper by tonnage, trades on the New York Stock Exchange.
In this case, TNP has a deal with Texas regulators guaranteeing an aftertax return of 11.25% on the equity it has invested in Texas-New Mexico Power, its operating company.
According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF ( AMEX: SEA) which is trading relatively unchanged on the day Monday.
According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF ( AMEX: SEA) which is trading lower by about 1.5% on the day Thursday.
According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF ( AMEX: SEA) which is trading lower by about 2.7% on the day Wednesday.
FORBES: Tsakos Energy Navigation Stock Getting Very Oversold
According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF ( AMEX: SEA )which is trading lower by about 2.9% on the day Friday.
According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF ( AMEX: SEA) which is trading higher by about 3.9% on the day Friday.
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