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Looked through the earnings results this morning and while results at the daughter companies were pretty much inline with expectations, until the projected growth in DCF at TOO and TGP materialize, TK is probably going to continue to trade at a discount to NAV. Execution issues at TOO aren't helping either. Don't know if it deserves this kind of punishment, especially given that it's been selling off hard for a month, but not a lot to get excited about from the latest report.
Possible entry point on the horizon. TK creeping to a 52wk low.......
The new U.S.-China trade deal will *increase* gas shipments to China.
TK stock price movement seems to be highly correlated with price movement of oil. It seems like a mistake on the part of investors to assume that lower oil prices necessarily hurt TK's business prospects. The OPEC cuts, supply disruptions, etc. that usually result in higher oil prices are openly discussed by TK management as negative factors affecting tanker demand (and therefore tanker rates), whereas higher oil production (including large amounts of shale oil for export from US) provides an incremental benefit to their core business through higher shipping demand, even though these production increases affect oil prices negatively.
I believe TK represents a great value at present. The midsize tanker market (TNK) should bottom out by the end of this year, TOO has just completed its latest FPSO conversion and will be growing its DCF substantially over the next 2 years, and TGP's business results look very solid in addition to forecasts for improving fundamentals in LNG shipping over the next 2 years. I believe the combination of recovery and growth projects in the daughter companies will result in substantially improved results for TK in early 2018. Coupled with the prospect of returning to higher distributions, seems like there could be some good upside here after this wave of selling is over.
Check GULTU. Michael Price has a position. Patience should pay off.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks is
what's happened today 4/ 10
Overall I think we will see upside for TK in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? Not sure how awesomestoc-ks finds all these incredible trade ideas but im happy.
What do ppl think about the report?
Why is TK up so much today?
short squeeze NAK
It is clear from the current neutral performance % (today) of 3.32% that TK could yield both a pullback or an uptick. The scenarios are quite interesting at current levels. Yo you should really check out awesomeS-TOCKS, they seem on point with their stocks.
Scorpio Tankers, STNG, looks interesting here. Seems to be coming off its bottom, positive PE, good dividend, beautiful ships.
TK looks bankrupt to me.
Is there a specific catalyst driving this price at a rapid pace? Or are others just discovering the amazing bargain that TK represents?
If your looking for a bargain check out TNK it's sister stock, it's about to break out like TK, TGP and TOO
Industrial commodities should do well under Trump. One stock you may find of interest is GMO, General Moly. It is inexpensive, at this point, and patient investors may find it very rewarding.
Just looked at the 10 year price chart on tk and it shows how cheap this stock is currently. Past is no indication of future, but I've been following this stock since it crashed over a year ago and they have made meaningful changes to shore up financials. I do believe we are heading to $20 this year.
Remember the investing ways of Anne Scheiber and Grace Groner and you should do exceedingly well with TK.