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Teekay Tankers Ltd. Message Board

bluefin114 5 posts  |  Last Activity: Feb 17, 2015 4:32 PM Member since: Sep 5, 2002
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  • Reply to


    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.

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