A Lot of Teekay,s companies are held in etf funds and when the selling gets going in oil stocks they follow the group up and down.( TOO ) and ( TNK ) Have been dropping even on days when oil price was moving up.. It has been hard to invest in a market like this. I watch ETF synbol (SEA) Guggenheim Shipping ETF
It would be nice if there was a discussion about encana stock here. No one wants to come here with all the spam. No wonder they trying to sell yahoo. They can not even figure out how to have the message boards work without it being 80% spam. To bad because it nice to discuss stocks with other investors
I own tnk and too . I also own etf symbol is SEA . In the pass the pay out on SEA has had good Yield . If you check out holdings on sea they have teekay and sister companies as top holdings. I would warn that SEA has very low volume . The fund seeks investment results that correspond generally to the performance of an equity index called the Delta Global Shipping Index. This Index is designed to measure the performance of companies listed on global developed market exchanges within the maritime shipping industry. I am buying SEA TOO TNK I think they will be good income generators long term.
I owned this stock before and have seen how it trades over the years, Look at the price in nov 2008 then one year later in nov 2009. This does not mean anything this time, but I am thinking there in better shape now then back in 2008. The large amount of debt is what is holding it down and makes things scary.