Fri, Mar 6, 2015, 1:41 AM EST - U.S. Markets open in 7 hrs 49 mins

Recent

% | $
Quotes you view appear here for quick access.

Teekay Tankers Ltd. Message Board

bluefin114 5 posts  |  Last Activity: Feb 17, 2015 4:32 PM Member since: Sep 5, 2002
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    TIME TO BUY?

    by last2cents Jan 30, 2015 11:03 AM
    bluefin114 bluefin114 Feb 17, 2015 4:32 PM Flag

    As long as the fundamentals stay positive, you have absolutely nothing to worry about. This a boring stable company. Rates remain very profitable, and there is no reason to expect them to collapse anytime soon. It's not a trading stock.

  • Reply to

    EuroNav Release

    by stjm99 Feb 11, 2015 9:13 AM
    bluefin114 bluefin114 Feb 13, 2015 2:51 PM Flag

    Don't ever forget. TNK is just one part of a larger organization. TNK is controlled by TK, and TNK does what is best for TK, always.

    Teekay Corporation is a portfolio manager and project developer in the marine midstream space that owns a 2 percent general partner interest, all of the outstanding incentive distributions rights and a portion of the outstanding limited partner interests in Teekay LNG Partners L.P. (TGP) and Teekay Offshore Partners L.P. (TOO). In addition, Teekay has a controlling ownership interest in Teekay Tankers Ltd. (TNK) and a fleet of directly-owned vessels. The combined Teekay entities manage and operate consolidated assets of over $12 billion, comprised of approximately 200 liquefied gas, offshore, and conventional tanker assets.

  • Reply to

    EuroNav Release

    by stjm99 Feb 11, 2015 9:13 AM
    bluefin114 bluefin114 Feb 13, 2015 2:45 PM Flag

    Quantuon, I disagree. The only real reason TNK even exists is for tax purposes and to spin off cash to its corporate parent and majority shareholder TK. Once the business is stable again, I expect that they will re-assume that role again.

  • Reply to

    EuroNav Release

    by stjm99 Feb 11, 2015 9:13 AM
    bluefin114 bluefin114 Feb 13, 2015 10:39 AM Flag

    I have always liked TNK, mostly because they are a daughter company of TK and therefore have that underlying support that many others do not have, It seems like they weathered the tanker depression better than most. Looking forward to a reinstatement of the dividend policy based on available cash sometime soon.

  • bluefin114 bluefin114 Feb 9, 2015 12:12 PM Flag

    Many of their ships are Very Old. Probably trading on a discount. Notwithstanding herb's bs about maintenance, many would rather not ship their crude on such old vessels when they have a choice.

TNK
5.58-0.05(-0.89%)Mar 5 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orbital ATK, Inc.
NYSEThu, Mar 5, 2015 4:02 PM EST