Teekay Tankers (NYSE:TNK)
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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The transportation of oil is a requirement until we get off our addiction and new technology takes over.
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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
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This stock has been down but it is going up and I think it is going to continue to go up and the dividend is great. A well managed company.
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Good Div. Undervalued.
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TNK is ready to take advantage of a recovering economy. Demand for their tankers and others will bring higher $s in the near future.
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Good fundamentals and protects its investors with a solid dividend.
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Beaten down too much. Suezmax and Aframax rates have not declined to the point the market is discounting this stock.
The only reason this stock isn't in my real life portfolio is b/c I don't want to mess with the K-1 come tax time (TNK is a MLP).
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Great dividend, manages ships by using some fixed contracts and some in the spot market, whichever is best at the time....this decreases risk and the high violatility of oil tanker shipping stocks. A great play for the next decade or so...if you reinvest your dividends...
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Yield the market will be flat for the next 18 mos so i am lockiing in good sustainable yields
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Oil prices will increase soon. All shipping companies are depressed at this time (dry goods more than oil). TNK does pay good dividends ($0.90). I expect stock price to hit $12 by end of year and $15 by February.
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Oversold, great dividend
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Very open corporate structure with a disciplined management placed well in the market. Valuation is also very good. Seems quite similar to FRO in almost every respect (it is a smaller fleet admittedly) for about 1/3 the price as of end of June 2008. With $140+/gal this energy transporter is in a fairly good position.
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the stock is projected to pay $2.60 a share dividend in 2008 and is currently trading at about 15.50. This is a 16.77% yeild. The company leases mid size oil tanker an is managed byTeekay, which owns 55%. Given the demand for oil it ought to continue to excel.
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