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No. of Recommendations: 7
The quiet update- mid-month, when the year has just started, is not
all that newsworthy usually, and this year is no exception.


Stock	31-Dec	15-Jan 
DHT 5.54 6.46
FRO 29.61 31.49
GMR 10.80 10.09
NAT 33.75 31.28
OSG 42.11 40.07
SFL 11.05 12.56
TK 19.65 17.99
TNK 12.70 12.00
TNP 18.32 20.85
TOO 10.90 13.11
VLCCF 14.65 14.56



NAT - certainly the most active tanker company. First, the company announced a vessel acquisition and a lowered Q4 dividend. Then, NAT quickly announced a secondary offering of 3M shares.
Intriguing- acquire vessel for $56M, lower dividend, raise $100M+ in
a week.

OSG - some volatility the last three weeks $37 => $46 => $40

TK - maintained dividend @ 31.6c/sh, could be a plus in the
prevailing market conditions.


That's all I caught the last few weeks.

Enjoy!
Hohum
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