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Teekay Tankers Ltd. Message Board

pb_harris4 47 posts  |  Last Activity: 1 hour 39 minutes ago Member since: Feb 14, 2012
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  • pb_harris4 by pb_harris4 1 hour 39 minutes ago Flag

    TNK is resting upon its 50 day moving average. NOW is the right time once again to purchase TNK shares and ride the stock higher. The 200 day is at $4.41. Both are rising nicely. Strong hands here holding TNK long. Watch the TNK naysayers get it wrong yet again!

    Sentiment: Strong Buy

  • Reply to

    Impressive comeback...

    by kosmiccharly Jan 16, 2015 3:49 PM
    pb_harris4 pb_harris4 Jan 16, 2015 4:36 PM Flag

    Quite impressive, I agree. It shows that the market has TNK's back. It promises much higher prices in the coming weeks for certain. No matter what Yappy might say. Don't you get the feeling that Yappy is the real cheerleader around here? I mean he seems to be rooting for and cheering for the wrong team or the team that keeps losing.

    Sentiment: Strong Buy

  • Reply to

    Storage spur for tankers? - TradeWinds

    by stjm99 Jan 7, 2015 10:07 AM
    pb_harris4 pb_harris4 Jan 9, 2015 8:01 PM Flag

    Hey Nappy!!! How ya' doing'??? Old buddy!!! Old pal of mine!!! Long time no hear!! What gives? Old buddy!!! Old pal of mine!!!

    When was that timeframe on your prognosticated bankruptcy for TNK shares? You recall that I forecast TNK in the $40s within five years. What was your timeframe again? Great to have you back, Nappy!!!! Come around more often!!!!

    Sentiment: Strong Buy

  • Reply to

    Key Resistance at $6

    by pb_harris4 Jan 8, 2015 10:39 AM
    pb_harris4 pb_harris4 Jan 8, 2015 3:25 PM Flag

    Once again the naysayers coming out of the woodwork. I see I got two thumbs down. No problem. I am holding long TNK for the long haul. TNK is going to $40 plus territory!!!! So thumbs down on that one, sports fans!!!

    Sentiment: Strong Buy

  • Reply to

    Squeeze?

    by kosmiccharly Jan 8, 2015 10:07 AM
    pb_harris4 pb_harris4 Jan 8, 2015 11:16 AM Flag

    One other factor that should not be entirely discounted is the Quants who trade on algorithms to exacerbate any move by the fund managers in the aggregate. Nowadays the market acts so much in tandem. The Quants have changed the ways in which the market works. They make everything bigger even when it would otherwise not be.

    Sentiment: Strong Buy

  • Reply to

    Squeeze?

    by kosmiccharly Jan 8, 2015 10:07 AM
    pb_harris4 pb_harris4 Jan 8, 2015 10:48 AM Flag

    Short covering has to be part of it. But I think the impetus for the volume is fund managers getting back into TNK shares. They gotta participate in the tanker stocks and TNK is best in breed. It is the least risky tanker stock among the junior players. It also has huge upside. The stars are aligned for TNK and the fund managers to get back together. The hedge fund managers need the exposure in TNK just because they will have wealthy clients who will be asking them if they are in any stock from oil transport sector. TNK will be their reply. It is a sensible way to get the exposure. Shorties are going to get hurt too no question. I am going to check to see if any call option buying is going on.

    Sentiment: Strong Buy

  • pb_harris4 by pb_harris4 Jan 8, 2015 10:39 AM Flag

    Second challenge at this resistance level. Each time resistance is challenged it gets weaker. It might get through on this run or perhaps the next one. But once $6 is decisively broken, I see nothing preventing TNK shares from promptly soaring into the low double digits in the neighborhood of $12 a share or double where we are now. Needless to say, it is a propitious time to be a TNK shareholder. I am long TNK shares for the long haul. I got my window seat on the train for a view of the scenery.

    Sentiment: Strong Buy

  • Reply to

    I gaze into my crystal ball...

    by bambusario Jan 6, 2015 2:13 PM
    pb_harris4 pb_harris4 Jan 6, 2015 3:24 PM Flag

    Be very careful, bamb. You are perilously close to being "a cheerleader" Not allowed to be too bullish on this board. Naysayers will come out of the woodwork to attack. Just be warned. Oddly enough, I had the same idea you did.

    Sentiment: Strong Buy

  • TNK shares just look like they want to go higher. Take a look at the volume today. I get the sense that the time in which you can buy TNK shares under $5 a shares is limited. And not for much longer.

    Sentiment: Strong Buy

  • Reply to

    Too much oil, too few tankers

    by bambusario Dec 23, 2014 9:15 AM
    pb_harris4 pb_harris4 Dec 23, 2014 1:35 PM Flag

    Don't plan on posting here too much with a bullish opinion or else the TNK haters will bash you all day with name calling like "cheerleader" or "bag holder" or some other nasty slur. Don't get me wrong. I agree 100% on everything you stated. It is exactly what I think too. But I have been holding TNK shares since they had only a two handle. Back then all I heard from the TNK haters was how TNK was going bankrupt. Now that it has more than doubled all I hear from the TNK haters is how they are going bankrupt and how they cannot do anything right. I see TNK going higher. But only a few others who post here regularly besides myself think so. Just be forewarned when they start attacking you too.

    Sentiment: Strong Buy

  • Reply to

    Bank of America ML Upgrade

    by pb_harris4 Dec 19, 2014 10:33 AM
    pb_harris4 pb_harris4 Dec 21, 2014 7:52 AM Flag

    nadsmis, ahem, I hate to break the news to you, but you MADE THE WRONG MOVE by selling at $3.92. As a trader, you left $2 dollars on the table as recently as a few days ago. Even now, after the debacle of TNK losing more than a dollar a share you would be nearly 20 percent higher than you were when you sold.

    For me, it is quite obvious that the pullback is merely a nice Fib retrace of a multiyear upward trend that began a couple years ago and that is in advance of much further gains ahead. There will be more pullbacks like the one last week. And all of them SHALL FOLLOW MUCH GREATER ADVANCES UPWARD TO HIGHER AND HIGHER PRICES like we witnessed last week and before. Thank you for your interest. But stop trying to justify your shortsighted mistake in selling TNK shares too early prior to a ten bagger bull run, okay? Okay?

    Sentiment: Strong Buy

  • Reply to

    Breakout

    by pb_harris4 Dec 3, 2014 10:41 AM
    pb_harris4 pb_harris4 Dec 21, 2014 7:33 AM Flag

    It approached $6 recently getting within a dime, did it not? Trust me, TNK will revisit $6 again and, if it fails again, it will run up to $6 a second time, and, if necessary, a third time,, and, afterwards, if there is a third pushback, TNK will rise once more, on fourth and one, bust through $6 toward $7 in a straight shot up the middle just like Barry Sanders busting into the backfield through a defensive line stacked with blitzing linebackers. Mark my words. TNK will break through $6 sometime in 2015. You TNK bashers just don't get it. TNK is the real deal. You can insult me all you want. I am long TNK. You TNK bashers are all wrong. End of story. Time shall prove me right. What are you all gonna say then? Are you going to come back to apologize? You gonna do the right thing and give me my props? Halt your gloating. You're like a team that is taunting during a halftime lead only to get vanquished in the third and fourth quarters.

    Sentiment: Strong Buy

  • Reply to

    Bank of America ML Upgrade

    by pb_harris4 Dec 19, 2014 10:33 AM
    pb_harris4 pb_harris4 Dec 19, 2014 10:54 AM Flag

    I agree, Kos. I feel sorry for folks bailing out today. I think the frustration is related to rearview mirror thinking. They don't see the future possibilities. They only see the past mistakes. I think TNK is headed much higher one way or the other. The fact some much larger company is talking to TNK about a reverse merger speaks to the competitive clout and formidable challenge that TNK will pose in the long term. It's like they are saying let's join TNK before they are too big to beat them. I own 25,000 shares and I don't feel like a "bag-holder" in the least. I feel like a fortunate shareholder albeit one who comments too much like a "cheerleader" for some.

    Sentiment: Strong Buy

  • Reply to

    Shareholder Revolt?

    by pb_harris4 Dec 19, 2014 8:49 AM
    pb_harris4 pb_harris4 Dec 19, 2014 10:50 AM Flag

    As I stated, I definitely like STNG the best as far as the alternatives are concerned. I like their mix of tankers and I think they would represent a quantum step for TNK. The market cap is a bit of a doozy in the $1.4B area. How would that work? FRO is my second pick with a market cap for less than $300M but they are trading equity interests now for debt. They both have $1B+ debt and $100M+ cash. I don't like OSG as much from what I could tell so far with a preliminary look. They have more than 80 tankers that they own. STNG handles that many in total but more than thirty are in charter. OSG has what looks to be $1.5B in debt. I could not find a balance sheet on OSG. They have just been released from chapter 11 and are a restructured firm. They have lingering legal disputes apparently. I would stay away from OSG. I would be worried if TNK is talking to them. I cannot see how it would work. I don't think it would be a good deal for TNK shareholders in any case.

    Sentiment: Strong Buy

  • Reply to

    Shareholder Revolt?

    by pb_harris4 Dec 19, 2014 8:49 AM
    pb_harris4 pb_harris4 Dec 19, 2014 10:46 AM Flag

    As I stated, I definitely like STNG the best as far as the alternatives are concerned. I like their mix of tankers and I think they would represent a quantum step for TNK. The market cap is a bit of a doozy in the $1.4B area. How would that work? FRO is my second pick with a market cap for less than $300M but they are trading equity interests now for debt. They both have $1B+ debt and $100M+ cash. I don't like OSG as much from what I could tell so far with a preliminary look. They have more than 80 tankers that they own. STNG handles that many in total but more than thirty are in charter. OSG has what looks to be $1.5B in debt. I could not find a balance sheet on OSG. They have just been released from chapter 11 and are a restructured firm. They have lingering legal disputes apparently. I would stay away from OSG. I would be worried if TNK is talking to them. I cannot see how it would work. I don't think it would be a good deal for TNK shareholders in any case.

    Sentiment: Strong Buy

  • If anybody cares...

    Sentiment: Strong Buy

  • Reply to

    Shareholder Revolt?

    by pb_harris4 Dec 19, 2014 8:49 AM
    pb_harris4 pb_harris4 Dec 19, 2014 10:12 AM Flag

    I see it, Kos. I am rather surprised but I believe they know what they're doing. I wonder if the company is STNG with 51 vessels. TNK has 47 under management, including the five tanker acquisition and the 10 in-charter tankers. TNK is in a really enviable with spot rate climbing. Margins are expanding everywhere. I like it. My money is on STNG. But it could also be FRO which would be a smaller deal in terms of the number of tankers involved. Debt in both companies is very high.

    Sentiment: Strong Buy

  • Reply to

    Shareholder Revolt?

    by pb_harris4 Dec 19, 2014 8:49 AM
    pb_harris4 pb_harris4 Dec 19, 2014 9:35 AM Flag

    Hey Kos, I have not heard anything about TNK taking over another company. Have you heard or read something? Is there a particular target? I tell you, truthfully, I am a little skeptical that TNK would undertake such a move but anything is possible. I just don't think they have the currency to do anything but a small deal if that much and they are wrapped up with TK and subsidiaries which complicates things a bit.

    TNK just announced that they are pricing the 20M shares at $4.80 which is pretty well discounted over where it has been trading. I think that the 4.64 quotations on the tape now relates to the share issuance. Benjamin Graham offers so much insight on the value of quotations. The often don't mean much in the long run except as a buying opportunity which is what we have today. But let me know if you heard something about a possible takeover. It sounds interesting.

    Sentiment: Strong Buy

  • pb_harris4 by pb_harris4 Dec 19, 2014 8:49 AM Flag

    I don't think TNK management was expecting the share price to drop more than one or two percent below $5 a share but ten percent below $5 looks like a distinct possibility now and twenty percent lower might be in the cards. The deal was supposed to raise $100M off a 20M new share issuance plus another 4M shares for TK to buy for a total of $20M. Anything close to $4 a share and management might be forced to fold up the deal. On the other hand, they might force it through since 20M shares at $4 is $80M and TK has already committed to chipping in $20M for their customary class A shares with its five times voting power no matter whether the price is $4 or $5. That's $100M from equity issuance and it surely beats taking on $100M in new debt when they would have to necessarily be on the hook for $130M in new debt. Either way, I really like the purchase. I am bullish on the tanker spot rates for 2015. It's all good. I don't understand the selloff this morning entirely. But I think that shareholders don't like "dilution" at all no matter what the revenues are slated to provide in value. Sorry if I am cheerleading too much.

    Sentiment: Strong Buy

  • Reply to

    The market is speaking.......

    by last2cents Dec 18, 2014 1:36 PM
    pb_harris4 pb_harris4 Dec 18, 2014 2:45 PM Flag

    Kos,
    I agree that Yappy was particularly egregious in his unfair attacks upon TNK going so far as calling the firm's solvency into question, but perhaps a bit of negative chatter from the detractors and doubters would do us no harm. The uptrend is firmly established.

    As for the question of debt, I like the use of debt for this purpose both of lower the average age of the fleet with a value proposition price tag and of leveraging a business climate that has just become quite favorable in which margins are going to expand exponentially with rapidly rising spot rates. This purchase gives TNK the chance to up the stakes on the spot market while keeping the contract charter tankers in the TNK fleet for financial stability in the long term. TNK is an enviable position in that they can bail out of this deal easily by passing one or two tankers down to their subsidiary for a much higher price than they paid or by adding a tanker to go on contract charter
    if the spot rates unexpectedly turn sour which is not going to happen for at least a year. It's a win-win. But let the trolls do what trolls do. TNK is a screaming buy now and it only keeps getting better.

    Sentiment: Strong Buy

TNK
5.51-0.23(-4.01%)Jan 28 4:05 PMEST

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