Teekay Corporation: Discounted Bet On Teekay Tankers - Buy [Seeking Alpha]
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
Check Earnings Report
US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
Company Research
Source: Seeking Alpha
Adding insult to injury, Teekay Tankers management refused to return additional capital to shareholders despite the company's strong cash flow generation and best-in-class balance sheet. However, investors would be well-served to focus on ongoing strong industry fundamentals with a second consecutive year of massive free cash flow generation for Teekay Tankers likely ahead. In addition, I would expect Teekay Tankers management to reconsider its capital allocation approach over the balance of the year thus hopefully resulting in the declaration of a meaningful special dividend. Following last week's sell-off, Teekay Corporation's discount to NAV has increased to the upper end of its usual 10% to 20% range which at least in my opinion provides for another chance to gain exposure to persistently strong crude tanker markets at a decent price tag. Consequently, I am upgrading the shares from "Hold" to "Buy." Looking for a helping hand in the market? Members of Value Investor's Edg
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TNK
News
- Teekay Tankers Ltd. (NYSE:TNK) is favoured by institutional owners who hold 52% of the company [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Teekay Tankers (TNK) Right Now? [Yahoo! Finance]Yahoo! Finance
- Returns On Capital Are A Standout For Teekay Tankers (NYSE:TNK) [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits [Seeking Alpha]Seeking Alpha
- Teekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
TNK
Earnings
- 2/22/24 - Miss
TNK
Sec Filings
- 4/19/24 - Form 6-K
- 3/15/24 - Form 20-F
- 3/5/24 - Form 144
- TNK's page on the SEC website