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      6. Teekay Tankers Ltd (TNK)

      7. Teekay Tankers Ltd (TNK) News

      Teekay Tankers Ltd

      Teekay Tankers Ltd (TNK)

      Think Childcare Limited
      39.79
      0.93
      (2.39%)
      Closed January 01 4:00PM
      Delayed by 15 minutes
      39.79
      0.00
      (0.00%)
      After Hours: 4:00PM
      Delayed by 15 minutes

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      TNK News

      Official News Only

      Form 144 - Report of proposed sale of securities
      Edgar (US Regulatory)
      December 23 2024
      TNK (2.39%)

      Form 144 - Report of proposed sale of securities
      Edgar (US Regulatory)
      December 05 2024
      TNK (2.39%)

      Form SC 13G - Statement of Beneficial Ownership by Certain Investors
      Edgar (US Regulatory)
      November 08 2024
      TNK (2.39%)

      Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
      Edgar (US Regulatory)
      November 01 2024
      TNK (2.39%)

      Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
      Edgar (US Regulatory)
      October 30 2024
      TNK (2.39%)

      Form SC 13G - Statement of Beneficial Ownership by Certain Investors
      Edgar (US Regulatory)
      October 24 2024
      TNK (2.39%)

      Form S-8 - Securities to be offered to employees in employee benefit plans
      Edgar (US Regulatory)
      October 01 2024
      TNK (2.39%)

      Form 8-A12B/A - Registration of securities [Section 12(b)]: [Amend]
      Edgar (US Regulatory)
      October 01 2024
      TNK (2.39%)

      Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
      Edgar (US Regulatory)
      October 01 2024
      TNK (2.39%)

      TNK Discussion

      View Posts
      LegitStockFly LegitStockFly 5 years ago
      With recent intrigue in ship stocks centered around cruise lines such as Norwegian Cruise Lines (NCLH) Carnival Cruise Lines (CCL) and Royal Caribbean Cruise Lines (RCL) Tanker ships are being overlooked. Maybe it's time to take a look at one in particular that is absolutely beating earnings by far and poised to double in share price quickly. Teekay’s tanker fleet (TNK) isn’t a just used to transport oil — it’s also used to store oil when supply exceeds demand. Either way, Teekay gets paid. And in the company’s first-quarter results, you would be hard-pressed to see any ill effects from the pandemic or the oil price war: “In the first quarter of 2020, Teekay Tankers achieved its highest quarterly adjusted profit in more than 10 years, with adjusted net income of approximately $110 million, or $3.27 per share, and I am pleased to report that our fleet has continued to secure strong spot rates in the second quarter of 2020 to-date.”

      In addition, the company is aggressively eliminating debt. It sold off several under-utilized ships to help pay $200 million of its debt during the quarter, knocking that down to $730 million.

      After several flat years, TNK stock began to rise dramatically toward the end of 2019. It has had a tumultuous 2020.

      With a recent concensus price target at $26 TNK is in position to double it's share price quickly.
      👍️0
      Copper Hunter Copper Hunter 5 years ago
      Added here. Earnings on Thursday
      👍️0
      DeadBatBounce DeadBatBounce 5 years ago
      TNK is ready for a new spike starting on Monday. Hoping to see $27+ by middle of next week before a higher low on Friday.
      👍️0
      conix conix 5 years ago
      All the tanker companies are going to have great quarters. TNK, NAT etc are going to raise their dividends.

      👍️0
      KJAX KJAX 5 years ago
      TK CEO stated that TNK has a better QRT 1 then Qrt 4 last year and on track for an even better QRT 2. $$$
      👍️0
      conix conix 5 years ago
      Teekay Tankers: A Hedge Against The Oil Glut
      Apr. 4, 2020

      Summary

      While most energy companies have taken a hit, tankers with storage capacity are booming due to excess storage demand.

      Due to the steep crude futures curve, contract rates for oil storage are skyrocketing and bringing oil tanker companies like Teekay along with them.

      Even without the storage demand spike, Teekay's long-term prospects were improving due to a growing lack of tankers.

      Teekay Tankers is not only a hedge against OPEC/COVID, but also an extremely cheap company with solid, long-term rebound and growth prospects.

      https://seekingalpha.com/article/4335977-teekay-tankers-hedge-against-oil-glut
      👍️0
      ClayTrader ClayTrader 5 years ago
      * * $TNK Video Chart 03-10-2020 * *

      Link to Video - click here to watch the technical chart video

      👍️0
      ClayTrader ClayTrader 5 years ago
      * * $TNK Video Chart 02-27-2020 * *

      Link to Video - click here to watch the technical chart video

      👍️0
      KJAX KJAX 5 years ago
      Bought TNK today and more TK, I think the coronavirus is overplayed.
      👍️0
      Chicago-Paul Chicago-Paul 5 years ago
      I agree. Paying-Off Debt is strengthening TNK's Balance Sheet for the long-haul. It is a very conservative move.

      I also like the fact that they are selling some old assets while the Tanker Business is booming. Too many Companies sell assets when the Sector is down - and that just leads to depressed sale prices.

      TNK should be announcing earnings around February 20th or so. I'm hoping for a really great quarter.

      EURN had a killer quarter also and their Balance Sheet is very, very, solid. So EURN might be a good choice for a Shipping Stock also. Plus, EURN pays a dividend.
      👍️0
      KJAX KJAX 5 years ago
      That and the coronavirus. I added a position in TK Friday for the first time. I'll add TNK if it stays this low. It would be nice to see dividends again, but I also like the direction of paying off debt.
      👍️0
      Chicago-Paul Chicago-Paul 5 years ago
      Now we know the reason for all of the recent short selling.

      The USA Treasury just announced they are lifting the sanctions on Cosco.

      This act will have an impact on Tanker Rates in the near future.

      With this news - It is going to be interesting to see where the TNK Stock Price is at on Monday morning.
      👍️0
      Chicago-Paul Chicago-Paul 5 years ago
      It appears that the Shorts have taken hold of TNK. The sell-off from $25 just a few weeks ago is substantial.

      However, everyone is expecting a great quarter from TNK when they report earnings.

      And I like the moves they are making concerning their Capital Structure.

      It would be great to see that DIVIDEND again.
      👍️0
      KJAX KJAX 5 years ago
      TNK had some descent news yesterday and continuing the course to reduce debt. I sold most my shares in December but will start adding again at this range.
      👍️0
      the rook the rook 5 years ago
      Turning too BS.....5 days RED....F U Zacks
      👍️0
      Investolator Investolator 5 years ago
      TNK continues to go upward as we enter into 2020. Not sure if or when it will top out but it would be great to see TNK reach the level it had back in 2016 when it was trading between $40 and $60. Hope all have a great new year.

      👍️0
      the rook the rook 5 years ago
      On fire since split
      👍️0
      the rook the rook 5 years ago
      BULLSHIT 1 share trades to knock it back down.....POS MM's
      👍️0
      Ripcord01 Ripcord01 5 years ago
      The reverse split killed a bit of momentum on this but will be long term good for the share value.

      -The pushed the debt balloon out several years at the same time. The real HUGE news.
      -IMO 2020 taking shape
      -Sanctions on Iranian Oil
      -Potential for COSCO tankers to still be sanctioned (even after trade deal.

      Still a great deal but you will have to hold long.
      👍️0
      ClayTrader ClayTrader 5 years ago
      * * $TNK Video Chart 11-14-19 * *

      Link to Video - click here to watch the technical chart video

      👍️0
      SmallCapStockGuy SmallCapStockGuy 5 years ago
      A monster year so far for TNK.

      And others are paying attention - Penny Stocks To Buy Or Sell Before Friday? 1 Up 139% This Year
      👍️0
      whytestocks whytestocks 5 years ago
      News: $TNK Penny Stocks To Buy Or Sell Before Friday? 1 Up 139% This Year

      Penny stocks are considered very risky by many investors. But what if I was to tell you that you can make them a lot less risky with a little due diligence? When trading penny stocks , you should be doing extensive research in companies you want to invest in as well as how the market is doing...

      Find out more TNK - Penny Stocks To Buy Or Sell Before Friday? 1 Up 139% This Year
      👍️0
      KJAX KJAX 5 years ago
      Looks like they won't have dividends any time soon. I was not happy about the reverse split, but I'm glad they didn't do it when it was under a 1$.
      👍️0
      Kallie Kallie 5 years ago
      I screwed up selling when I did these stocks are so volatile you really need to understand them and I clearly do not. Great day yesterday held up better than I expected too.
      👍️0
      KJAX KJAX 5 years ago
      If the rates stabilize and stay higher than normal TK will probably want money from TNK by the use of dividends. I wouldn't be surprised if TNK brings back the divi's.
      👍️0
      conix conix 5 years ago
      TNK Chart





      Nordic American Tanker

      👍️0
      Kallie Kallie 5 years ago
      Good for you! I took a beating on this one
      👍️0
      the rook the rook 5 years ago
      Lucky to get out a penny above entry - woohoo! I watched for a month....missing up tick to almost 2.25....waited.....figured at 1.90 - would go back to 2 for a quick flip....BUT NOOOOOO.......IM OUT
      👍️0
      Kallie Kallie 5 years ago
      Earnings next week, I got caught in this much higher than where it is. I will never buy another tanker stock again a long with energy and oil its insane at the swings out of no where. I would find an exit I am going to take losses before I get caught in the bad earnings next week, on a positive note they have a good quarter heading into 2020 but it won't help much now.
      👍️0
      the rook the rook 5 years ago
      Zacks #1 buy for November = WHY???? I buy and straight down she goes....WTF Zacks???
      👍️0
      KJAX KJAX 5 years ago
      It's been a long ride for me, but made a lot of coin finally. I'll ride the rest of my shares with the rates going out of control the last couple of weeks.
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK shipping heaven. The power of sector trading boom
      👍️0
      ClayTrader ClayTrader 5 years ago
      * * $TNK Video Chart 10-23-2019 * *

      Link to Video - click here to watch the technical chart video

      👍️0
      conix conix 5 years ago
      Charts again...Cha Ching!



      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK long and strong!!!
      👍️0
      H8ster H8ster 5 years ago
      And on that positive news, shorts are rushing to cover
      👍️0
      ClayTrader ClayTrader 5 years ago
      * * $TNK Video Chart 10-21-2019 * *

      Link to Video - click here to watch the technical chart video

      👍️0
      H8ster H8ster 5 years ago
      Pattern post surge continues. Early morning dip followed by recovery.

      Don’t knowing not will recover the full .12 but it’s doing well. We shall see.
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK shipping sector is a dream come true...i hate you TRUMP but thanks for something!!!
      👍️0
      ClayTrader ClayTrader 5 years ago
      * * $TNK Video Chart 10-14-2019 * *

      Link to Video - click here to watch the technical chart video

      👍️0
      SmallCapStockGuy SmallCapStockGuy 5 years ago
      another solid day
      👍️0
      conix conix 5 years ago
      Tanker Stocks have been doing great.

      NAT



      TNK


      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK boom outta the gate!!
      👍️0
      SmallCapStockGuy SmallCapStockGuy 5 years ago
      TNK has been trending for a while and more analysis from other sites too

      Check out this article: 5 Penny Stocks To Watch This Week
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK 2.40 soon
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      90% of this board only play otc garbage!! shipping sector hot on rumor of trade deal!!
      👍️0
      faceoff faceoff 5 years ago
      Strange how quite the board is.
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK on fire!!!
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK boom...gappa!!!
      👍️0
      TrendTrade2016 TrendTrade2016 5 years ago
      TNK...holding long...shipping sector is in play...stay tuned for new shipper play!!
      👍️0

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