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Teekay Corporation Message Board

  • peristentone peristentone Jul 19, 2010 12:34 AM Flag

    Why Teekay's Businesses Doing Well?

    Would someone like to venture an opinion about why all of Teekay's businesses: the parent TK as well as the subsidiary speciality shippers like TPG TOO and TNK all show relative stability financially, and enjoy premium valuations. Charts of a lot of the peer companies in each of the segments they serve are declining or show a lot of weakness. The Teekay companies look for the most part to continue making new highs.

    Is something different about the Teekay business model?

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    • Can't answer your question but it quietly chugs along, with a very decent dividend. I moved out of TGP to TK just cuz the Schedule K you have to fill out for TGP. Easier tax with TK.

    • A good example of what I am describing would be to compare the Teekay LNG shipping business TGP against its peers like GASS and GLNG. The difference seems to be that TGP is generating sales and earnings growth versus its peers.

      Is the Teekay company simply generating more newbuild activity because of the financial options it gets from its parent?

 
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