Replies to post #429 on Teekay Tankers Ltd (TNK)

[conix]

Teekay Tankers: A Hedge Against The Oil Glut
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