trying to post a chart from the teekay website, showing the rate surge in the 3rd quarter over the last 2 years. Someone has a problem with it and keeps deleting it.
TNK @ USD 1.48/share on 08.16.17 Seemingly, fundamentals having nothing to do with TNK's stock price. Regardless of the fog lifting on tanker rates (Baltic Dirty Tanker Index), new builds, etc. there exists a "ghost" out there hell bent on driving TNK's stock price into the ground. From today, all of us must be focused on asking TK, controller of TNK, what TK thinks of TNK's stock price. Why has TK said nothing to date - enough: now is the time to address the problem publicly. I will not offer any opinion thereon - I expect TK to face shareholders' annoyance at TK's silence. I will add that, irrespective of my opinion, TNK is - USD 1,48/share - in no financial position to offer equity as payment for a yet unknown further merger or acquisition. Having repaired its liquidity with the dilutive equity merger with TIL, TNK is also in no position to offer debt. In short, TK: What the hell is going on in TNK's quoted stock price on the NYSE for you (TK) to withhold information. In similar lines to the above I have addressed my concern of TK's stewardship of TNK to the SEC, and will pass on information as it drips through. TK - Enough was and now is and will be for TNK shareholders until you TK are made to speak up about TNK's share price collapse. Please do not attempt to fob shareholders off with anything remotely fundamental in order to try to blind us. That will not work any more.
Ex- Dividend date was on the August 10th, we get paid tomorrow for owning it on the 10th. TNK will buy shares for tomorrow and give cash to ones that didn't do repurchase program. Bought 38,000 shares yesterday and still waiting for late next year! More to buy if lower......tick tick tick. Can't wait to see what fourth quarter holds, being at bottom we'll squeeze out older ships to scrap and weak hands, and like I called earlier the low of TNK this quarter between ????? and the $1.65. The merge being over then and better rates in the best quarter of the season will START this stock back on the up trend. Gotta be patient, this is the buying area. Ignore the shorts trying to get this lower and if your truly against the merger and all, vote NO, it's your right! Good luck, be patient unless your in your 60's, ready to retire.
Somebody deleted today much info on this board :(
Historical Naked Short Vol Data for TNK Date Close High Low Volume Short Volume % of Vol Shorted Aug 16 NA NA NA 787,783 403,106 51.17% Aug 15 NA NA NA 496,223 310,265 62.53% Aug 14 NA NA NA 1,116,591 670,226 60.02% Aug 11 NA NA NA 642,729 460,911 71.71% Aug 10 NA NA NA 570,850 371,393 65.06% Aug 09 NA NA NA 533,698 349,385 65.46% Aug 08 NA NA NA 552,394 350,793 63.50% Aug 07 NA NA NA 362,803 270,972 74.69% Aug 04 NA NA NA 367,822 158,205 43.01% Aug 03 NA NA NA 837,808 686,845 81.98% Aug 02 NA NA NA 579,188 343,210 59.26% Aug 01 NA NA NA 157,094 105,835 67.37% Jul 31 NA NA NA 599,217 287,719 48.02%
After the merger they will have approx 2.4 billion in combined assets approx 80 million cash 40 million in untapped lines from til. Rates should go up some due to seasonality and global growth with demand for oil. Til will be a subsidiary of Tnk with Til owning about 30% of Tnk
...it borderlines on the criminal behavior what management of the TK companies are doing to TNK. I've been telling you people all along...there's self-dealing going on here. They're enriching themselves at the expense of TNK stockholders.
Euronav says shale boom ends Opec’s power to crush tanker demand
While freight rates are suffering from an oversupply of ships and a seasonal dip in refinery buying they re not being hurt by Opec
The very recent and continued pressure on TNK stock price (1.48 on 08/17/17) is all the more curious - Q2 dividend is payable tomorrow 08/18 to shareholders of record on 08/14. A lot of selling shareholders didn't give much of a damn, and threw away cash they could have earned.
"TK" CHARGED "TNK" OVER 30 MILLION FOR TAKING OVER THE 50% MANAGMENT FOR "TIL". WE DIDN'T EVEN VOTE FOR THE MERGER YET. I CAN'T FIND HOW MUCH THE MANAGMENT IS WORTH. SECONDLY, WE SHOULD NOT FORGET THAT TNK IS PAYING FOR TIL WITH COMMON SHARES IN ADDITION TO ACCEPTING 250 MILLION IN TIL DEBT. NEW 18 SHIPS MIGHT COST LESS THAN THAT.
This stock looks way to cheep whats going on selling for less then 1/3 of book value?
Drip, drip, drip downwards. USD 1.53 (down 1.60% on day). Drip-drip-down-pushers' tactic is becoming all too obvious to observers. CAVEAT ! Drip-drip-down guys are targeting USD 1.00 per share i.e.next stop ? (They may enjoy the web-site of DRYS) - 'tis what happens to manipulators of quoted company shareholders. Continue !
With USD 1,50 per share within spitting distance, would some one know if institutional investor Huber stills owns 19,500,000 shares in TNK, which the company did own on 02.16.17 (6 months ago) when TNK was sporting a price of USD 2,47 per share ? Mny thx, in advance.
Added shares @1.53 this morning and volume up big this morning almost 600,000 traded 9:23am
What do you people think or explane TNK deal 4 ships that sold and leased back 4x -20milj loss reveneu in Q3, How huge will loss q3 be?