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Teekay Corporation (TK)

NYSE - NYSE Delayed Price. Currency in USD
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3.5800+0.1600 (+4.68%)
At close: 4:00PM EDT

3.5800 0.00 (0.00%)
After hours: 4:00PM EDT

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  • A
    Anonymous
    Whose running this company, Jay Gould, James Fisk and Daniel Drew?
  • K
    Kash
    The real price for this stock is $4.50 (just look at the balance sheet) . Don't let the shorts scare you . Put your position for sale at above $25 and call your broker/trading platform at the same time demanding that your shares not to be borrowed by short sellers . Stay long!!!!!!!
    Bullish
  • A
    Andrew
    $NAT conversation
    Scorpio Tankers Inc. Announces Purchase of Common Shares by Scorpio Services Holding Limited and Call Options by President of the Company
    Email Print Friendly Share
    July 14, 2020 18:51 ET | Source: Scorpio Tankers Inc.
    MONACO, July 14, 2020 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that Scorpio Services Holdings Limited (“SSH”), a related party, has purchased 100,000 common shares of the Company in the open market at an average price of $12.83 per share.

    Company buy-back. EURN first, then STNG... just show how firmly they believe in the industry. Who's next? Maybe NAT?

    $NAT $EURN $DHT $STNG $TNP $TK
  • s
    see2see
    The catalysts for further stock prices increases are now in place. TK received downgrades when the sanctions on the daughter company TGP was caught up in sanctions on its joint venture. That is resolved, and I expect upgrades to be coming forth very soon.

    Next comes the previously planned investor day and its planned announcements, which was scuttled by the news of the sanctions. It is now to go forward as soon as arrangements can be made.

    There would seem to be quite a bit of money still on the table with this company. I think it will get back into the seven handle area within a few weeks.

    "Falling rates" is hitting the headlines, but that is somewhat misleading. They were astronomically high, and now are just generationally high, and have very little chance of dropping back to the depressed rates seen recently even if COSCO sanctions are lifted, which is not expected. The joint venture getting out from sanctions has only six ships carrying natural gas on specialized ice breaker tankers , and has nothing to do with oil tankers.

    The force is strong with this one! Go forth and make some coin!
  • T
    Trevor
    $GLOP conversation
    The LNG industry is the future despite growth in renewables. Looks pretty positive overall and there are some good shipping companies that can capitalize on this growing trend. TGP and GLOP have their financials analyzed in the article.
    https://wantfi.com/natural-gas-lng-is-an-investment-growth-opportunity.html

    $TGP $TK $GLOP $GLOG $DLNG $GMLP $GMLPP $GLNG
  • A
    Andrew
    $NAT conversation
    Relevant for the whole industry

    "Nikolas Tsakos expects tanker recovery for second half of 2020

    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter"

    https://www.tradewindsnews.com/tankers/nikolas-tsakos-expects-tanker-recovery-for-second-half-of-2020/2-1-844289

    $NAT $DHT $TNK $TK $EURN $FRO $STNG
    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
    www.tradewindsnews.com
    Bullish
  • M
    MRgiggles
    AP: It was just announced that TK will be converting one of their older tankers into the world's first floating Brewery. The brand will be Tanker Ale. There will be several restaurants. The business unit will be called Beer. There will also be an adult entertainment center! They will also have a casino and a docking port for 200 yachts. You will be able to boat right up, get a brewsky, food a little tail and play blackjack on the high seas.
  • m
    martin
    Just their stake in TGP should have shares much higher...now at 52-wk lows. How much lower can TK shares slide?
  • D
    Dean
    TK share price will benefit from the recent spurt in oil price resulting from increased tensions in the Middle East. TK still owns three FPSOs with tariffs linked to oil price. Also, tax-loss selling has abated, which should allow the share price to regain some ground. I am optimistic that with TK's ownership of roughly one third of outstanding TGP shares, combined with TK's general partner interest and IDRs, TK is in a position to benefit from strong and rising cash flow its daughter, TGP. With its LNG ships fully contracted with average contract duration of 12 years, TGP should be able to refinance debt on favorable terms, which should further grow free cash flow in coming months and years.
  • G
    GM
    $DHT conversation
    Tanker stocks suffering from concerns over future inventory drawdown and the oil rises = sell tankers algorithm. New report from Webber Research highlights a longer-term investment thesis: tankers stocks as coronavirus relapse hedge. See new FW article on the report. $FRO $EURN $DHT $INSW $NAT $STNG $ASC $TNK $TK $TNP $XOM https://www.freightwaves.com/news/tanker-stocks-could-emerge-as-covid-19-relapse-hedge
    Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.
    Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.
    www.freightwaves.com
  • A
    Anonymous
    Dividends are coming soon, Two very profitable companies are contributing to revenue. Again loss sale of TOO hurt, along with too much debt. Both issues are almost in the rear view mirror. Once dividend is restored, back up to $8-$10 with institutions buying back in. Tomorrow will tell us how fat they have progressed. Seems like the market thinks a upward surprise is coming.
    Neutral
  • C
    Curly
    Why does management think they can sell shares for $9.75? If they go ahead with the offer, why would anyone pay $9.75/share when they can buy all the shares they want for only $8.20 today? Maybe I'm missing something, but it seems that TK will have to lower the price to $8.20...which will create another price drop. I don't know what these people are up to at TK, but it seems that this stock is gone have to drop some more to compensate for the risk that this share offering is causing.
  • j
    joseph
    TK should load up soon. Just as NAT has In The aftermarket. I’m anxious to see the premarket in the am. This stock is picking up steam. And sports an ( A ) rating from Schwab. 🚀
    Bullish
  • R
    Ram
    DHT Holdings, Inc.
    Crude tanker rates jump as more oil output 'fantastic news' https://seekingalpha.com/news/3549876?source=ansh $FRO, $NAT, $NNA, $NM, $NMM, $TNK, $TNP, $TK, $DSSI, $ASC, $SFL, $DHT, $EURN, $INSW, $GNK, $SB, $SBLK, $STNG, $SEA, $BDRY
    Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
    Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
    seekingalpha.com
  • C
    Confucius
    TK LNG is the company making the distribution of $.0.25 for the quarter ending December 2020. I do not understand who are the Unit Holders? to me, shareholders of TK should not receive the distribution but TK Company or do shareholders of TK receive a unit distribution? I doubt but I may be wrong. I just wonder why TK dropped on the news of the distributiont to unit holders vs shareholders use name confusing.
    Neutral
  • I
    ILAN
    do you think maybe part of it is that the overall market has dropped 3,000 points from its high during the summer duh. at some point it will be like a spring that has been wound too tight and will pop. TK has been suffering from a hangover from TOO and too many dividends paid out when they should have been paying off debt. They are on the right track now, paying down debt. Remember all stocks are falling. People are running out of money and are full of fear right now , so they are selling stock and parts of their 401 K. Things will turn around soon. Good luck everyone, stay safe, and brave.
  • A
    Anonymous
    $5 by the end of the year.. Way under valued. Book value is $4.91, and as the debt comes down, that number goes up. Look for $8 by the summer.
  • B
    Ben
    $NNA conversation
    Tanker stocks are still making money. Expect another round of buying in $NAT, $TK, $NNA, $FRO, et al soon.
    Bullish
  • d
    daniel
    Can anyone help me understand what I’m missing here in TK 250mm market cap and 6.9 B Enterprise Value and 350mm in Cash? If they have even 2 straight positive Q’s which it looks like they will they will have Free Cash Flow = market cap?

    What am I missing?
  • M
    Martin
    I just bought 10K shares .easy money in 3 months