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Satisfying The World's Oil Thirst Boosts This Tanker Firm's Profit.(THE IBD 100)
Byline: JONAH KERI
Tsakos Energy Navigation prides itself on managing risk.
The firm eagerly points to its streak of 42 profitable quarters as proof it can overcome pitfalls that can hit a cyclical industry such as oil and gas shipping.
Good thing, because the firm is about to get all the risk it can handle.
On Wednesday, Chinese Premier Wen Jiabao said China would take steps to cool its overheated economy. The news sent stocks -- especially basic materials and related stocks -- and commodity prices tanking.
It's easy to see why. China has ramped up domestic growth to levels not seen in nearly a decade, with 9.7% GDP growth in Q1. Loosened government controls and sizzling demand have sparked a construction boom that's seen China build, on average, one Houston a month.
A slowdown in that growth, especially given the lofty earnings and stock price estimates that Wall Street has built into materials stocks, could prove painful.
- Tsakos Energy Navigation CEO - Interview.
- News wire article from: CEO Wire March 22, 2005 700+ words
...Tsakos. NIKOLAS TSAKOS, TSAKOS ENERGY NAVIGATION: Good morning...demand equation look now? TSAKOS: Usually our business has been...come in from countries like China and India and as you said the...about double-hull tankers. TSAKOS: A ship within a ship, so...
- Q2 2005 Tsakos Energy Navigation Limited Earnings Conference Call - Part 1.
- News wire article from: The America's Intelligence Wire August 5, 2005 700+ words
...PRESIDENT, CEO, DIRECTOR, TSAKOS ENERGY NAVIGATION: Well, thank...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION: Thank you...primary engines of growth are China, India and broader Asia - combined...excellent work. NIKOLAS P. TSAKOS: Thank you, Chairman. It...
- Q4 2003 Tsakos Energy Navigation Limited Earnings Conference Call - Part 1.
- News wire article from: The America's Intelligence Wire February 27, 2004 700+ words
...TSAKOS, PRESIDENT AND CEO, TSAKOS ENERGY NAVIGATION LIMITED...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION LIMITED...year 2004, thank you. NIKOLA TSAKOS: Thank you Chairman, we do...and the growing demand from China, India and the Pacific Rim...
- Q2 2005 Tsakos Energy Navigation Limited Earnings Conference Call - Final.
- News wire article from: Fair Disclosure Wire August 5, 2005 700+ words
...PRESIDENT, CEO, DIRECTOR, TSAKOS ENERGY NAVIGATION: Well, thank...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION: Thank you...primary engines of growth are China, India and broader Asia - combined...excellent work. NIKOLAS P. TSAKOS: Thank you, Chairman. It...
- Q2 2004 Tsakos Energy Navigation Limited Earnings Conference Call - Part 1.
- News wire article from: The America's Intelligence Wire August 5, 2004 700+ words
...Tsakos Energy Navigation. NIKOLAS TSAKOS, PRESIDENT & CEO, TSAKOS ENERGY NAVIGATION LTD.: Thank...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION LTD.: Thank...consumers, including the USA, China, Japan and now India are all...
- Q2 2004 Tsakos Energy Navigation Limited Earnings Conference Call - Final.
- News wire article from: Fair Disclosure Wire August 5, 2004 700+ words
...Tsakos Energy Navigation. NIKOLAS TSAKOS, PRESIDENT & CEO, TSAKOS ENERGY NAVIGATION LTD.: Thank...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION LTD.: Thank...consumers, including the USA, China, Japan and now India are all...
- Q3 2007 Tsakos Energy Navigation Limited Earnings Conference Call - Final.
- News wire article from: Fair Disclosure Wire November 5, 2007 700+ words
...Tsakos Energy Navigation. NIKOLAS TSAKOS, PRESIDENT, CEO, TSAKOS ENERGY NAVIGATION: Thank you...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION: Thank you...grows about 4.5% driven by China, India, and Russia. There is...
- Q4 2006 Tsakos Energy Navigation Limited Earnings Conference Call - Part 2.
- News wire article from: The America's Intelligence Wire March 12, 2007 700+ words
...conversion process? NIKOLAS TSAKOS: It's a very good...because of cold weather in China. However, we have...and we will build in China sooner or later, but we'd rather be later when China has technically and efficiently...class vessels? NIKOLAS TSAKOS: Well, the Baltic trading...
- Q1 2005 Tsakos Energy Navigation Limited Earnings Conference Call - Final.
- News wire article from: Fair Disclosure Wire May 5, 2005 700+ words
...TSAKOS, PRESIDENT AND CEO, TSAKOS ENERGY NAVIGATION LIMITED...JOHN STAVROPOULOS, CHAIRMAN, TSAKOS ENERGY NAVIGATION LIMITED...that at some space. NIKOLAS TSAKOS: Well, thank you again ladies...new regulations, demand from China, India, and the Pacific RIM...
- City & Corporate: Tsakos drops GCI for Cubitt in IR revamp.(Tsakos Energy...
- Newspaper article from: PR Week (UK) September 2, 2005 700+ words
...pounds 250,000 a year in fees. Tsakos has relocated the brief to London...in the first half of 2004. Tsakos is nearing its goal of 'a universally...operating. So far this year, Tsakos has sold the single-sided...developing economies of India and China. Demand for oil is expected...
