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Teekay Tankers ( TNK ), formed in 2007 by Teekay Corporation ( TK ), operates loading in the conventional oil tanker business. This investment note discusses the near to medium-term headwinds, which leads to the conclusion loading that the stock needs to be avoided at current levels.
As of 1Q13, Teekay Tankers had a fleet of 10 suezmax tankers, 13 aframax tankers and 6 product tankers. loading As per the company's strategy, the vessels operate through a mix of fixed-contract coverage and in the spot markets. What is important to note here is that the company's fleet size has remained the same in the last three years. However, during this period, there has been a significant change in revenue and EBITDA on the...
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Teekay Tankers ( TNK ), formed in 2007 by Teekay Corporation ( TK ), operates loading in the conventional oil tanker business. This investment note discusses the near to medium-term headwinds, which leads to the conclusion loading that the stock needs to be avoided at current levels.
As of 1Q13, Teekay Tankers had a fleet of 10 suezmax tankers, 13 aframax tankers and 6 product tankers. loading As per the company's strategy, the vessels operate through a mix of fixed-contract coverage and in the spot markets. What is important to note here is that the company's fleet size has remained the same in the last three years. However, during this period, there has been a significant change in revenue and EBITDA on the...
About Seeking Alpha Pro Seeking Alpha Pro is a research platform with broad coverage of stocks. In contrast to current research platforms, the research is provided by investors and industry experts rather than sell-side analysts. Learn more about Seeking Alpha Pro »
Seeking Alpha PRO subscribers get early access to the best long and short ideas on Seeking Alpha. Subscribers also get exclusive access to our growing research library of independent stock analysis. Learn more about Pro
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