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Re: dude iligence post# 205

Thursday, 04/07/2016 1:51:48 PM

Thursday, April 07, 2016 1:51:48 PM

Post# of 437
Teekay Tankers Upgraded at J.P. Morgan

Apr 7 2016, 11:09 ET | About: Teekay Tankers Ltd (TNK)
By: Carl Surran, SA News Editor

Teekay Tankers (TNK -3.1%) is upgraded to Neutral from Underweight at J.P. Morgan, as the firm expects crude tanker fleet efficiency to increase due to improved balance between global oil production and consumption in 2016-17.JPM thinks a healthier order book, demand dynamics and global diesel glut point to a bullish stance for product tankers; while the concerns relating to little differentiation between crude and product tankers are valid, the two sectors have diverged in the past and will do so again, the firm says.As for TNK, the firm believes there is lower downside risk for the stock given the sharp YTD selloff.

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  • 1D
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  • 5Y
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