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Teekay Tankers Ltd. Message Board

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  • saruman256 saruman256 Jun 11, 2011 12:56 PM Flag

    Sector and cycle ruminations

    Coursonc: Thanks for the links, excellent reading.
    I agree, opportunity will soon come knocking, but one must be extremely careful as well.
    TNK closed at $8.47 yesterday, I still have a limit order at $8.29 outstanding, but this block and the one I bought at $8.49 is for trading, if I get a small distribution along the way, fine.
    I just am nervous about the overall picture at the moment, but stop-loss orders are in effect for my main holdings, I won't let 2008 happen again, no sir.
    The main thing to watch in TNK for the next qtr is if any vessels coming off time charter are renewed or put on new charter. The Gemini Pool is shared with the mother company and they may not get the best ones.
    BTW, my letter to investor relations about the secondary has gone unanswered.....
    Best to all, comments and discussions encouraged.

7.31+0.27(+3.84%)Dec 1 4:02 PMEST