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.
Recent TNK News
- Teekay Corporation Announces Update on $25 Million Share Repurchase Program and Announces New Share Repurchase Program • GlobeNewswire Inc. • 09/09/2024 10:59:47 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/21/2024 04:15:04 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/20/2024 08:28:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:42:18 PM
- Form F-4 - Registration of securities, foreign private issuers, business combinations • Edgar (US Regulatory) • 08/07/2024 09:11:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 08:39:27 PM
- Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes • GlobeNewswire Inc. • 08/07/2024 08:05:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/02/2024 03:54:27 PM
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- Teekay Corporation Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/01/2024 05:00:48 AM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/10/2024 06:20:43 PM
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