Cannabis Report
Home > Boards > US Listed > Automotive and Transportation >

TEEKAY TANKERS CL A (TNK)

TNK RSS Feed
Add TNK Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 7/20/2018 3:07:47 PM - Followers: 32 - 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

.





Cannabis Report
TNK
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
TNK News: Teekay LNG Partners Announces CFO Transition 06/29/2018 06:59:00 AM
TNK News: Teekay Tankers Announces Approval of Authorized Share Capital Increase at Adjourned Annual General Meeting 06/18/2018 07:56:34 AM
TNK News: Teekay Tankers Announces Election of Directors and Adjournment of Annual General Meeting for Remaining Proposal 06/13/2018 06:55:47 PM
TNK News: Report of Foreign Issuer (6-k) 05/31/2018 12:20:37 PM
TNK News: Report of Foreign Issuer (6-k) 05/17/2018 04:34:07 PM
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#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
#315   Maybe it will go back to the 3’s Investolator 06/22/18 11:03:30 PM
#314   Got my ass handed to me a few krays 06/22/18 10:59:41 PM
#313   Yes indeed, it is looking good. I bought Investolator 06/22/18 10:11:21 PM
#312   TNK ,Tankers Looking good for NEW BREAK OUT! 31twu 06/22/18 06:30:23 PM
#311   TNK today price range 1.08 to 1.18 15% 31twu 06/19/18 05:32:00 PM
#310   TNK Nice close today 1.11 to 1.13 range 31twu 06/18/18 06:02:22 PM
#309   Wells Fargo upgrades TNK to outperform /Morgan Stanley 31twu 06/18/18 01:05:45 PM
#308   TNK increasing Shares but No effect on dilution 31twu 06/16/18 10:38:52 AM
#307   Got in @ $1.01 , Morgan Stanley rated 31twu 06/16/18 10:32:42 AM
#306   This stock is a great swing trade. ipods4all 06/13/18 10:27:32 AM
#305   TNK closed $1.14 May drop lower again 31twu 06/12/18 06:27:33 AM
#304   Sure hope the company is buying some of surogateson 06/05/18 06:21:37 PM
#303   I surely thought, TNK would be fairing at wiredawg 06/05/18 04:01:22 PM
#302   TNK 52WK LOW $0.95 cent 31twu 05/31/18 06:46:24 AM
#301   TNK closed $1.11 31twu 05/31/18 06:43:54 AM
#300   Maybe in 2019. TNK's parent firm’s high debt Zilidium 05/22/18 11:05:09 AM
#299   this dead cat better bounce i leveraged msschm2 05/21/18 11:32:01 AM
#298   Hey, how do you get the closing quote? MisterEC 05/08/18 01:30:45 PM
#297   TNK Closed 1.17 31twu 05/08/18 05:47:58 AM
#296   TNK 1.15 TO Close 1.16 31twu 04/28/18 12:13:10 PM
#295   TNK closed $1.17 31twu 04/26/18 05:07:11 AM
#294   TNK Closed $1.21 31twu 04/24/18 05:22:32 AM
#293   TNK 1.08 TO 1.12 Very surprised still paying 31twu 04/06/18 04:50:21 PM
#292   TNK 1.10 TO 1.13 31twu 04/04/18 04:55:02 AM
#291   TNK Closed $1.11 31twu 04/03/18 05:01:57 AM
#290   TNK Closed $1.23 31twu 03/19/18 05:09:38 PM
#289   Time for this baby to run. Glad msschm2 02/22/18 11:47:55 AM
#288   TNK stands for TANKED STOCK for now. msschm2 02/20/18 01:29:10 PM
#287   TNK Closed Low $1.15 31twu 02/16/18 05:22:28 PM
#286   this is looking very horrible. I didnt msschm2 02/13/18 02:51:31 PM
#285   Will this ever have an up day again ipods4all 02/05/18 11:34:42 AM
#284   1.25 now ipods4all 01/31/18 03:00:50 PM
#283   TNK,52WK Low $1.29 Closed $1.32{MDA:36DAYS}Maybe going Lower SOON 31twu 01/26/18 05:51:09 PM
#282   Well i now have 10K shares so hopefully msschm2 01/23/18 11:34:03 AM
#281   I thought we hit a bottom a month KJAX 01/20/18 01:49:31 PM
#280   I'm afraid to say "Yes": then it sinks wiredawg 01/11/18 04:43:25 PM
PostSubject