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Author: Hohum777 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1824  
Subject: Re: Musing on TNK Date: 11/24/2012 11:47 AM
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After seeing some broker figures, I think that Aframax avg is too optimistic. Revising my numbers
slightly- this for a more negative scenario. The previous numbers still work for a reasonable market.

Aframax- Pre-2000: $18M, Post 2000: $24M, Suezmax- Avg $43M, 2000-build MR $17M, LRs $28M, MRs $25M.

Fleet $845M, other assets $200M, Debt $800M, Total shares 84M.
($845M + $200M - $800M)/84M = $2.92/sh

Listened to the Tsakos (TNP) earnings call, and they mentioned rate improvements on the smaller
sized vessels. But not yet on the Suezmax category.


Nice bounce for TNK on 11/23
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