Aegean Marine Petroleum Network Inc. Buyback
OLI recorded this information on 10/16/2014
Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of Aegean's outstanding common stock over the next two years. The authorization is effective immediately.
Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 81% of all stocks covered)
Based on Zacks ABR data;
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