Of course after we discuss the good support around 9 TNK has had in this downturn it pummels. Today OPEC announced it was not going to increase oil production. Since TNK is a logistical support of oil by shipping it across the globe this news meant there wasn't to be additional oil production so less to ship. No rocket science here but not much substance either as this decision doesn't change current and planned charters. So I think it is another good buying opportunity and increase your dividend percentage...
Happy Trading...
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