Teekay Corp (NYSE:TK)
CAPS Rating:
The Company is a provider of international crude oil and petroleum product transportation services through our spot tanker fleet.
The Company is a provider of international crude oil and petroleum product transportation services through our spot tanker fleet.
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Recs
Betting on a global economic recovery within 2010. Demand for energy and resources will first feel the effect than manufacturing and construction.
*crude oil
*petroleum
*natural gas
5 yr history of quarterly dividends, currently at 4.9% (8/18 share price $26.43 @9am). Don't get why this doesn't get more attention, at least for it's decent dividend history.
There are no earnings to support a dividend, so they are either burning cash or taking on debt to support the current dividend. Either way they are gambling that business will pick up. Will it?