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(ETRN), Global Partners LP (NYSE:GLP) - 5 Value Stocks To Watch In The Energy Sector

(ETRN), Global Partners LP (NYSE:GLP) - 5 Value Stocks To Watch In The Energy Sector
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Tanker Operator Pyxis Tankers Inc announces refinancing of modern product tanker

Apr 01 2021 Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company” or “Pyxis Tankers”), a growth-oriented, pure play product tanker company, announced that it had successfully completed the refinancing of a previous loan facility secured by the Pyxis Epsilon with a $17 million loan which has an interest rate of Libor plus 3.35% and is repayable over 5 years. Valentios Valentis, our Chairman and CEO commented: “We are very pleased that we are expanding our relationship with Alpha Bank S.A. which has provided us with an additional $17 million loan on terms and conditions, including quarterly amortization of $300,000, that are similar to the existing loan for our vessel, the Pyxis Theta. This new facility provides us a number of benefits including improving balance sheet leverage, lengthening our average debt maturities and reducing aggregate principal and interest payments. For example, the consolidated weighted average interest rate on o

Tanker Operator The next Aframax type tanker was laid down at Zvezda Shipbuilding Complex

Apr 01 2021 At Zvezda Shipbuilding Complex, the keel laying ceremony of the next 114,000 DWT Aframax type tanker was carried out. Steel cutting for 8 tanker began in the shipyard s Hull Fabrication shop in October 2020, and the planned delivery date for the vessel to the Buyer is 2022.    The vessel is being built by order of Sovcomflot PAO, with following freighting by NK Rosneft PAO. The agreement about the construction of two Aframax type oil tankers was signed in September 2018 within the framework of the IV Eastern Economic Forum.    During the official ceremony with the participation of the shipyard s management, representatives of the Buyer, partnership organizations and the Company s workforce, Sergey Tseluiko, Managing Director of Zvezda, SSK, and Sergey Tsyba, Supervision team leader of Sovcomflot ECO, attached a memorable inset nameplate to the keel section of the future tanker.

Tsakos Energy Navigation Stock Shows Every Sign Of Being Possible Value Trap

Tsakos Energy Navigation Stock Shows Every Sign Of Being Possible Value Trap
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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