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Teekay Tankers Ltd. Message Board

  • msnapp82 msnapp82 Mar 5, 2013 1:56 PM Flag

    Why does it move

    I'm ignorant, so let's get that out of the way if it will save the insults toward me and/or the company. I can't figure out why the share price will move, if at all. The dividend is cemented and not linked to for example better suezmax or aframax rates.

    I believe the next dividend will be funded by working capital - the rates were too poor to suggest supporting 3 cents on cash flow alone.

    So why would the share price move, if at all? TNK is, in my view, a 5% bond. There are plenty of 5% yield equities out there with far superior upside.

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TNK
6.08-0.02(-0.33%)Aug 28 4:02 PMEDT