Teekay Tankers: A Hedge Against The Oil Glut [Seeking Alpha]
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
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Source: Seeking Alpha
SummaryWhile 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.By and large, the energy sector has been the hardest hit by COVID and the falling out of OPEC+ members. The virus is expected to cause an extreme decline in demand for crude oil due to a lack of travel. Further, after Saudi Arabia and Russia could not agree on cuts, both agreed to produce as much oil as possible, a decision that caused the collapse of most energy companies and crude oil. This is seen below in WTI crude and the U.S. Energy ETF (XLEThe core problem i
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TNK
News
- Teekay Tankers (NYSE:TNK) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Teekay Tankers Ltd.'s (NYSE:TNK) Stock's On An Uptrend: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers (NYSE:TNK) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Teekay Tankers (NYSE:TNK) had its price target raised by analysts at Jefferies Financial Group Inc. from $66.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- Teekay Corporation Ltd. Third Quarter 2025 Update [Canadian Business Journal (Canada)]Canadian Business Journal
TNK
Earnings
- 10/29/25 - Beat
TNK
Sec Filings
- 11/5/25 - Form SCHEDULE
- 10/31/25 - Form 6-K
- 10/29/25 - Form 6-K
- TNK's page on the SEC website