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Tsakos Energy (NYSE:TNP): Q4 EPS of -$0.84 may not be comparable to consensus of $0.00.
Revenue of $118.97M (+11.6% Y/Y) beats by $1.33M.
Shares +1.95% PM.
Press Release
Tsakos Energy Navigation reports Q4 voyage revenues increases by 14.3% Y/Y to $153.8M, due to improved crude tanker market amid strengthened global oil demand and oil supplies, especially from the US.
Average daily TCE per vessel is +17% to $21,439.
Adjusted EBITDA increase 25.3% to $66.3M, with margins up ~375bps to 43.1%.
Average number of vessels increased from 62.7 to 64, and despite a larger number of vessels, Fleet operating expenses fell by 2.5% to $7,715 per day led by cost controls, lower insurance & lubricant expenses and stronger US dollar.
The company ends the quarter with cash liquidity of $220.5M; net debt to capital was at 47.9%, and in 2018, total debt was reduced by $156M
(NYSE:TNP) slides 1.3% in pre-market
 
Medley Capital, Medley Management adjourn meetings a fifth time

Mar. 29, 2019 7:21 AM • SA Editor Liz Kiesche

  • Medley Capital (NYSE:MCC), Medley Management (NYSE:MDLY), and Sierra Income say "it has become necessary" to adjourn the March 29 special meetings of shareholders related to their proposed mergers.
  • They expect to adjourn the meetings to April 19, 2019.
  • The meetings were initially convened on February 8 and have now been adjourned five times.
  • Previously: Medley Capital, Medley Management reschedule meetings (March 15)
 
Medley Capital, Medley Management adjourn meetings a fifth time

Mar. 29, 2019 7:21 AM • SA Editor Liz Kiesche

  • Medley Capital (NYSE:MCC), Medley Management (NYSE:MDLY), and Sierra Income say "it has become necessary" to adjourn the March 29 special meetings of shareholders related to their proposed mergers.
  • They expect to adjourn the meetings to April 19, 2019.
  • The meetings were initially convened on February 8 and have now been adjourned five times.
  • Previously: Medley Capital, Medley Management reschedule meetings (March 15)
Battle Ground Baby Bond: An 18.2% Yield From Medley Management - Medley Capital (NYSE:MCC) | Seeking Alpha
 
Medley Capital, Medley Management adjourn meetings a fifth time

Mar. 29, 2019 7:21 AM • SA Editor Liz Kiesche

  • Medley Capital (NYSE:MCC), Medley Management (NYSE:MDLY), and Sierra Income say "it has become necessary" to adjourn the March 29 special meetings of shareholders related to their proposed mergers.
  • They expect to adjourn the meetings to April 19, 2019.
  • The meetings were initially convened on February 8 and have now been adjourned five times.
  • Previously: Medley Capital, Medley Management reschedule meetings (March 15)
Che Telenovela!!!

Chi si sente di incrementare??
 

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