Tsakos Energy Navigation

Tsakos Energy Navigation's share price has been stable, but recent wins, including a tender for 9 shuttle tankers, make it a compelling buy. Despite significant debt, Tsakos' newbuild program is manageable with strong cash flows and long-term contracts ensuring stable earnings for the next 15 years. The current geopolitical environment and reduced global tanker supply position TEN to benefit significantly from the growing demand for oil tankers. Strong Buy.» Mehr auf seekingalpha.com

I maintain a "hold" rating on Tsakos Energy Navigation preferred stock for its 9.0% yield and wide margin of safety amid economic uncertainty. The preferred stock offers a fixed 9.0% yield until May 2027, then a floating yield tied to 3-month Libor, potentially reaching 11.7%. Tsakos Energy Navigation's preferred dividend is secure, supported by a low payout ratio, consistent common dividends, and reduced debt levels.» Mehr auf seekingalpha.com

Tsakos Energy Navigation's robust financials make common shares attractive, with an EPS of $0.67 and potential for $0.17 quarterly EPS increase from reduced G&A expenses. Preferred Series F shares offer a 7.55% yield to call, trading at a 6% premium, but I sold some to capitalize on the strong USD. The common shares are appealing after a 45% price drop since Q2, despite the preferred shares still being a good buy for income investors.» Mehr auf seekingalpha.com