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TNP - Why Frontline Tsakos Energy and Nordic American Tanker Stocks Dropped 10% (And More) Today
Tsakos Energy Navigation Ltd
Like a globe-spanning seesaw, oil prices went up today, and oil tanker stocks went down. The moves are basically the opposite of what we saw on Monday. As of 11:20 a.m. EDT, shares of Frontline Ltd. (NYSE: FRO) are down 9.5%, Tsakos Energy Navigation(NYSE: TNP) is down 15.1%, and Nordic American Tankers(NYSE: NAT) has dropped 15.9%.