New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 12, 2013
08:37 EDTSTO, TNPTsakos Energy reports strategic partnership with Statoil
Tsakos Energy Navigation (TNP) reported the strategic partnership with Statoil (STO) for the construction and chartering of five to nine purpose built Daewoo Aframax crude tankers with a contract term of five to twelve years including options. The gross revenues from this project are expected to range between minimum $250M to approximately $1B.
News For TNP;STO From The Last 14 Days
Check below for free stories on TNP;STO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2014
16:15 EDTSTODynagas LNG acquired Arctic Aurora for $235M
Dynagas LNG Partners (DLNG) announced that it has entered into an agreement to purchase from Dynagas Holding Ltd., the Partnership's sponsor, 100% of the ownership interests in the entity that owns and operates the Arctic Aurora, a 2013 built ice class liquefied natural gas carrier, for an aggregate purchase price of $235M. The Arctic Aurora acquisition is subject to the Partnership obtaining the funds necessary to pay the purchase price and the satisfaction of certain closing conditions. The Partnership expects to finance the acquisition with the net proceeds of a public offering of its common units and a portion of the borrowings under a new $340M senior secured revolving credit facility. The Partnership believes that the Arctic Aurora acquisition is an accretive transaction consistent with its growth strategy. The Arctic Aurora acquisition will generate, assuming full utilization, total contracted gross revenue of approximately $117.2M, annual gross revenues of approximately $28.3M and annual net cash from operations of approximately $21.7M, during the initial charter period with Statoil (STO). The board of the partnership and the Conflicts Committee of the Board have approved the Arctic Aurora acquisition.
12:00 EDTTNPTsakos Energy falls 12%
Subscribe for More Information
09:21 EDTTNPTsakos Energy 11M share Spot Secondary priced at $7.30
The deal range was $7.25-$7.50. Morgan Stanley, UBS and Wells Fargo acted as joint book running managers for the offering.
09:00 EDTTNPTsakos Energy falls 11%
Subscribe for More Information
08:59 EDTTNPOn The Fly: Pre-Market Movers
Subscribe for More Information
April 23, 2014
16:27 EDTTNPTsakos Energy 11M share Spot Secondary; price range $7.25-$7.50
Morgan Stanley, UBS and Wells Fargo are acting as joint book running managers for the offering.
16:21 EDTTNPTsakos Energy files to sell 11M shares for Tsakos Holdings Foundation affiliates
Subscribe for More Information
April 15, 2014
10:00 EDTSTOOn The Fly: Analyst Initiation Summary
Allscripts (MDRX) reinstated with an Outperform at Raymond James... Amber Road (AMBR) initiated with a Buy at Canaccord... Autonation (AN) coverage assumed with a Market Perform at Wells Fargo... BG Group (BRGYY) initiated with an Outperform at BMO Capital... Borderfree (BRDR) initiated with a Buy at Canaccord... Dean Foods (DF) initiated with a Buy at BB&T... Destination XL (DXLG) initiated with a Buy at Ascendiant... Group 1 Automotive (GPI) coverage assumed with a Market Perform at Wells Fargo... Halozyme (HALO) initiated with a Buy at Citigroup... MakeMyTrip (MMYT) initiated with a Neutral at Goldman... Penske Automotive (PAG) coverage assumed with a Market Perform at Wells Fargo... RPM (RPM) initiated with an Outperform at Wells Fargo... RSP Permian (RSPP) initiated with a Buy at KLR Group... Repligen (RGEN) initiated with a Buy at Jefferies... Spansion (CODE) initiated with a Buy at Sterne Agee... Statoil (STO) initiated with a Market Perform at BMO Capital... TPG Specialty Lending (TSLX) initiated with a Buy at BofA/Merrill... Versartis (VSAR) initiated with a Buy at Citigroup... WWE (WWE) initiated with a Buy at Needham... WebMD (WBMD) reinstated with a Strong Buy at Raymond James.
08:01 EDTSTOStatoil initiated with a Market Perform at BMO Capital
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use