Apr. 4, 2020
Summary
While most energy companies have taken a hit, tankers with storage capacity are booming due to excess storage demand.
Due to the steep crude futures curve, contract rates for oil storage are skyrocketing and bringing oil tanker companies like Teekay along with them.
Even without the storage demand spike, Teekay's long-term prospects were improving due to a growing lack of tankers.
Teekay Tankers is not only a hedge against OPEC/COVID, but also an extremely cheap company with solid, long-term rebound and growth prospects.
https://seekingalpha.com/article/4335977-teekay-tankers-hedge-against-oil-glut
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
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