Friday, October 31, 2008

Livanos Peter G.: Euronav Buy

Euronav is an owner operator and manager of ocean going tankers dedicated to the safe and reliable transport of crude oil worldwide. Euronav's Fleet is one of the youngest in the industry and is entirely double-hulled.

The day before yesterday (29/10) Livanos Peter bought 71.200 shares of Euronav for a price per share of 11 euro. He is an independent director and a member of the audit committee of Euronav.


The stock had severely fallen down from 28 to 11 euro in less than 2 months. However, the results were promising. The net income per share was USD 3.05 year-to-date.

As Mr. Livanos is a respected man in the business of maritime societies, why wouldn’t we follow his path?

(source: Euronav.com)