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TEEKAY TANKERS CL A (TNK)

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Last Post: 10/26/2018 4:49:46 PM - Followers: 33 - Board type: Free - Posts Today: 0



WHY INVEST IN TNK

http://www.teekaytankers.com/Investors/Why-Invest-in-TNK/default.aspx


Tanker rates are a function of the balance between two main factors:

  • Tanker demand
  • Tanker supply

View Current Tanker Rates

Tanker demand
An increase in tanker demand will generally have a positive effect on prevailing spot tanker rates.

Demand for conventional oil tankers is a function of two main factors:

  • World oil demand and supply, which determines the amount of crude oil and refined products available to be transported in tankers
  • The relative locations of oil production, refining and consumption, which affects the distance over which the oil or refined products are transported

The combination of these two factors creates "ton-mile demand", which is a measure of the amount of oil transported in tankers multiplied by the distance over which it travels.

Oil demand and supply
The tanker market cannot exist without the demand for oil and in particular how much of the demand can be met by domestic production / pipeline supply and how much needs to be imported on tankers. The main driver of oil demand is the global economy while population growth is also an important factor, particularly in the developing economies where the emergence of a growing middle class is leading to a rapid increase in vehicle ownership and therefore transportation fuel demand.

As of February 2010, the International Energy Agency estimates that global oil consumption will grow from 84.9 million barrels per day (or mb/d) in 2009 to 86.5 mb/d in 2010 as a result of the expected recovery in the global economy. The majority of the growth is expected to come from emerging economies led by China.

The distance factor
The longer the distance over which oil needs to be transported, the greater the number of ships are required to service the demand. The majority of known oil reserves are located in areas far from major consuming regions, which contributes positively towards demand for oil tankers. The distance over which crude oil or refined petroleum products are transported is determined by seaborne trading and distribution patterns, which are principally influenced by the relative advantages of the various sources of production and locations of consumption. Seaborne trading patterns are also periodically influenced by geopolitical events, such as wars, hostilities and trade embargoes that divert tankers from normal trading patterns, as well as by inter-regional oil trading activity.

Historically, the level of oil exports from the Middle East has had a strong effect on the tanker market as a whole due to the relatively long distance between this supply source and typical discharge points. Over the past few years the growing economies of Asia, and in particular China, have increased and diversified their oil imports, resulting in the growth of import volumes from longer haul producers such as those in the Atlantic Basin and an overall increase in transportation distances for tankers.

Limited growth in refinery capacity in developed nations (the largest consumers of oil in recent years) and increasing refinery capacity in the Middle East and parts of Asia where surplus capacity supports exports have also altered traditional trading patterns and contributed to an increase in transportation distances for products tankers.

Tanker supply
An increase in tanker fleet supply will generally have a negative effect on prevailing spot tanker rates.

The supply of oil tankers is a function of:

  • The construction and delivery of new vessels into the fleet
  • The removal of vessels for scrapping or conversion to other ship types

The level of new vessel orders is primarily a function of newbuilding prices in relation to current and prospective charter market conditions. Available shipyard capacity for newbuildings is another factor that affects tanker supply. The level of scrapping activity is primarily a function of scrap prices in relation to current and prospective charter market conditions and operating, repair and survey costs. Industry regulations also affect scrapping levels, such as the IMO mandated phase-out of single hull tankers which takes effect from 2010.

One-off factors can also impact tanker supply. Examples include the use of ships as floating storage and slow steaming, both of which have the effect of reducing available fleet supply

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TNK
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TNK News: Teekay Tankers Ltd. Reports Third Quarter 2018 Results 01:43 AM
TNK News: Amended Report of Foreign Issuer (6-k/a) 10/10/2018 12:29:11 PM
TNK News: Statement of Ownership (sc 13g) 10/05/2018 11:36:27 AM
TNK News: Teekay Corporation Declares Dividend 10/03/2018 04:05:00 PM
TNK News: Teekay Tankers Announces Completion of Sale-Leaseback on Six Aframax Tankers 09/12/2018 04:05:00 PM
News News Alert: Teekay Tankers Ltd. Reports Third Quarter 2018 Results 11/15/2018 01:43:24 AM
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#365   TNK ,Teekay Nice Entry level share price "Buy" 31twu 10/26/18 04:49:46 PM
#364   TNK,Teekay Tanker always pulling back off highs $1.10 31twu 10/16/18 03:25:34 PM
#363   TNK ,Oil prices rising on U.S & Saudi 31twu 10/15/18 11:48:46 AM
#362   TANKERS Picking up more $$Revenues with higher demand 31twu 10/12/18 12:40:39 PM
#361   TNK,TEEKAY TANKER Big investors running for safety this 31twu 10/11/18 03:32:59 PM
#360   TNK, BULLISH Closing today upward trend continues 31twu 10/09/18 03:37:14 PM
#359   TNK ,TEEKAY TANKERS BULLISH UPWARD TRENDS CONTINUES 31twu 10/08/18 05:31:20 PM
#358   TNK, Insiders" BUYING" for Board Voting Powers .Trading 31twu 10/06/18 02:05:08 PM
#357   TNK, Looking "BULLISH" Today .Volume picking up 31twu 10/05/18 12:58:26 PM
#356   Teekay Corporation Declares Dividend Investolator 10/04/18 12:31:28 PM
#355   Got a link? I see TK with an krays 10/03/18 07:20:34 PM
#354   TNK ,Teekay Tanker GREAT! NEWS The" Dividend " 31twu 10/03/18 04:24:53 PM
#353   TNK,Shares looking "BULLISH" Today 31twu 10/03/18 11:23:23 AM
#352   TNK,VOLUME ALERT:Large Trades 2MIL to 3MILLION @ $1.02 31twu 10/02/18 02:17:18 PM
#351   TNK,Jefferies: Rates Teekay Tanker @ (HOLD) 10/1/18 31twu 10/01/18 10:39:34 AM
#350   TNK ,Time to Lock & Load "BUY" shares 31twu 09/27/18 04:29:36 PM
#349   TNK, Slight V Shape recovery this Fall Season 31twu 09/19/18 05:10:18 PM
#348   TNK,increased its Liquidity position bye $60 million ,= 31twu 09/14/18 08:45:39 PM
#347   TNK,Share Price Volatility Trading Ranges $1.00 to $1.31 31twu 09/12/18 03:35:38 PM
#346   TNK, Lock & Load Shares Time for the 31twu 09/09/18 01:24:35 AM
#345   TNK,Get on board ,Or Miss Out! 31twu 09/03/18 02:41:42 AM
#344   TNK,YouTube See Video Titled ["Teekay Marine Markets-Tanker Updated,August 31twu 08/30/18 05:55:59 AM
#343   TNK,Lets Hope for another company stock Buy back 31twu 08/29/18 05:33:27 AM
#342   TNK,Shares Bouncing off lows "BULLISH" looking this Week 31twu 08/22/18 02:15:45 PM
#341   TNK,BUY the Dips 31twu 08/15/18 04:07:59 PM
#340   TNK, Looking for a "V" Shape recovery this 31twu 08/12/18 02:12:19 PM
#339   TNK, Great Share Price Entry Point 31twu 08/04/18 02:22:47 PM
#338   TNK, Just going to get better from here..HIT 31twu 08/03/18 12:48:58 PM
#337   TNK,Share Price Rebound off lows Today, Mixed Close 31twu 08/02/18 03:53:49 PM
#336   TNK,Sounds like Tanker Markets licking their Wounds but 31twu 08/02/18 05:30:47 AM
#335   TNK & NAT Tankers both got RATED "Equal 31twu 08/01/18 05:42:21 AM
#334   ENERGY SECTORS Going UP /Oil steady price gains 31twu 07/30/18 04:45:20 PM
#333   TNK ,Share Price Get'em while their cheap for 31twu 07/27/18 02:27:41 PM
#332   they will run it back to 1.18 - ipods4all 07/23/18 03:22:19 PM
#331   They cancelled the dividend. ipods4all 07/23/18 03:16:34 PM
#330   TNK, Were Else can you "BUY" a stock 31twu 07/22/18 02:59:43 PM
#329   Well, BID $1.03 not a bad "Buy" Get'em 31twu 07/20/18 03:07:47 PM
#328   Come on 1.02 Come to papa. ipods4all 07/20/18 03:03:01 PM
#327   TNK, Teekey Tanker Rated By Morgan Stanley "Equal 31twu 07/20/18 10:25:54 AM
#326   stockholders meeting adding shares how will that affect 1oldcowboy 07/19/18 10:52:04 AM
#325   This stock is so predictable, Have my buy ipods4all 07/16/18 01:04:11 PM
#324   TNK,Bears are back this week, Market Highs could 31twu 07/16/18 06:43:41 AM
#323   TNK ,New Volatility trading range looking Bullish, while 31twu 07/04/18 12:47:13 PM
#322   Nice Trade,,But Hold a Few low shares for 31twu 06/28/18 06:04:32 PM
#321   This stock is a flipping Dream, Play the ipods4all 06/28/18 01:50:10 PM
#320   Volatility can be our friend 31twu 06/27/18 04:33:18 PM
#319   TNK looking good for next leg up on 31twu 06/26/18 06:01:25 PM
#318   TNK ,Holding steady today through Market tensions looking 31twu 06/25/18 04:48:32 PM
#317   TNK ,I think will open Higher Monday "5 31twu 06/23/18 11:32:51 AM
#316   Good Deal, Hope you recover some long time 31twu 06/23/18 11:27:26 AM
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