Teekay Tankers (NYSE:TNK)

CAPS Rating: 4 out of 5

Teekay Tanker owns and operates a fleet of oil tankers that it charters using fixed-rate contracts and offers on the spot market.

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Player Avatar EllenBrandtPhD (< 20) Submitted: 2/22/2013 3:13:11 PM : Outperform Start Price: $2.27 TNK Score: +50.73


I'm not buying yet, but I think it has bottomed on what is actually positive - better than expected - news on both the revenues and the dividend front, believe it or not! (Yes, it's pathetic. But LESS pathetic.)

I still think the time to plunge big - if we get through the Sequester battle, Brent stays well supported, and the Worldwide Growth story is back positive into the Spring - would be about May, since this entire group is Seasonal AGAINST the rest of the Market.

When it is back to normal again - if this is the year, we still don't know - its High Season is summer into early Fall, when all the big conferences occur.

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