Teekay Corp

Most Recent

  • Industrials

    Scorpio Tankers’ shares in Dorian to be registered for resale

    Dorian will be registering for resale, under the Securities Act of 1933 as amended, all the Dorian shares that Scorpio Tankers (STNG) owns. Scorpio Tankers currently owns approximately 9.4 million shares, or 16.3%, of Dorian.

    By Katie Dale
  • uploads///Newbuilds
    Industrials

    Scorpio Tankers adopts a shift in charter mix

    For the third quarter of 2014, the charter hire expense increased $1.1 million to $32.9 million, from $31.9 million in the year ago quarter.

    By Katie Dale
  • uploads///Crude Tanker Price  Years Old    e
    Energy & Utilities

    Why 15-year ship prices point to negative outlook for tanker stocks and earnings

    Why ship prices (value) matter Ship prices (values) are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders of ships, which drives up purchase prices. Additionally, when firms are able to charge higher prices for transporting goods across the […]

    By Xun Yao Chen
  • uploads///AAL
    Financials

    Magnetar decreases stakes in American Airlines

    Magnetar reduced its position in AAL in the third quarter. The position accounts for 1.17% of the fund’s total portfolio in the third quarter.

    By Patricia Garner
  • uploads///US Crude Oil Rotary Rig Count    e
    Energy & Utilities

    US oil production expected to hit record in 2013, negative for tankers

    US oil rig count is a leading indicator of US oil production and oil imports. Since 2008, a boom in US oil industry has negatively impacted demand for tankers (see Tankers will likely underperform dry bulk ships in 2013)— vessels that transport oil across ocean. Higher US oil production, due to application of technologies called […]

    By Xun Yao Chen
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    Miscellaneous

    Teekay LNG Partners: Top-Performing LNG Carrier Stock in 2017

    Teekay LNG Partners (TGP) was the best-performing stock in 2017 among the LNG carrier companies. TGP reported a year-to-date return of 36.6% on December 20, 2017.

    By Sue Goodridge
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    Macroeconomic Analysis

    Crude Oil Declines on Strong Stockpile Data

    June WTI crude oil futures declined by 1.99% and settled at $55.26 per barrel on Tuesday, April 21. Oil prices fell due to increasing stockpile data.

    By Gordon Kristopher
  • uploads///yemen
    Macroeconomic Analysis

    Crude Oil Prices Increase due to Yemen’s Civil Unrest

    WTI crude oil futures for June delivery increased by 2.81% on Thursday, April 23. Oil prices surged on the consensus of supply disruption from the Middle East.

    By Gordon Kristopher
  • Energy & Utilities

    Why high shipping capacity growth will continue to pressure tanker earnings

    Update to Shipping capacity growth drops but outpaces demand, negative for tanker stocks The importance of capacity In a highly commoditized industry, like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try […]

    By Xun Yao Chen
  • uploads///China Interbank Repo  Months    e
    Energy & Utilities

    Must-read: Financial woe abroad drags tankers down, outlook negative

    Continued from Why oil price is a key driver of tanker stocks The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively […]

    By Xun Yao Chen
  • Energy & Utilities

    Eton Park Capital buys a new position in Teekay Corp.

    Teekay Corp (TK) is a brand new position initiated by Eton Park in the fourth quarter. It accounts for 2.70% of the fund’s portfolio.

    By Samantha Nielson
  • uploads///China Crude Oil Import
    Energy & Utilities

    Key tanker stock drivers: China’s crude oil import volume

    China’s crude oil import: The most important factor An indicator that has a first-degree (direct) influence on tanker rates is China’s crude oil import volume. When import volume rises, more tankers will be in use, which pushes up shipping rates. Conversely, lower import volume means an increased number of idled ships, which leads to increased […]

    By Xun Yao Chen
  • uploads///EV EBITDA
    Energy & Utilities

    Why Teekay’s spot market outlook and valuations attract investors

    Industry analysts believe that stronger oil demand, contained growth in crude tanker fleets, and improving economic conditions should support the average spot tanker rates remaining firm in 2014.

    By Katie Dale
  • Energy & Utilities

    Why Teekay Tankers has high liquidity and leverage ratios

    With TK evolving from a small player to global marine midstream service provider, the company has garnered significant advantages and a strong standing in the industry.

    By Katie Dale
  • uploads///US Crude Oil Rotary Rig Count Domestic Production    e
    Energy & Utilities

    U.S. oil production could slow in 2014, benefiting crude tankers

    As oil production appears to be lagging oil rig count by two to three years, U.S. oil production growth could start to show signs of slowing in 2014. That could be positive for demand for crude tanker companies.

    By Xun Yao Chen
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    Industrials

    Teekay Tankers: Overview of its earnings and fleet

    The revenue mix for Teekay Tankers Ltd. (TNK) is largely contributed by the net pool revenues. The company has developed secured charter-in contracts and created a significant base for the company’s future growth.

    By Katie Dale
  • uploads///Newbuilds
    Industrials

    What are the benefits of Scorpio Tankers’ newbuilding program?

    Scorpio Tankers’ management believes that with the newbuilding program, the company over the summer finally turned the corner of having more ships on the water than vessels under construction at shipyards.

    By Katie Dale
  • Industrials

    New buyback program approved by Scorpio Tankers

    On July 28, 2014, the board of directors of Scorpio Tankers (STNG) approved a new stock buyback program with authorization to purchase up to $150 million of its common stock.

    By Katie Dale
  • uploads///Article
    Energy & Utilities

    Baltic Dirty Tanker Index widens from October levels

    The Baltic Dirty Tanker Index widened to 862 on December 24, 2014, from 639 on October 1. It recorded a 34.9% increase as China increased imports of raw goods.

    By Katie Dale
  • uploads///LPG
    Energy & Utilities

    Navios Maritime Midstream may enter LPG market

    The international LPG shipping market is volatile in profitability, charter rates, and vessel values, adversely affecting businesses during downturns.

    By Katie Dale
  • uploads///wEEKLY gAINERS
    Company & Industry Overviews

    Teekay Was the NYSE’s Biggest Gainer Last Week

    Teekay is one of the world’s largest marine energy transportation, storage, and production companies. It was the NYSE’s top gainer last week.

    By Val Kensington
  • uploads///Fleet employment profile
    Earnings Report

    Teekay Tankers revenue growth and time charter-in vessels

    Spot exposure for the Teekay Tankers fleet increased by ~3,900 revenue days for 2015. If the spot market rates rise, TNK can earn higher revenues.

    By Katie Dale
  • uploads///fleet
    Earnings Report

    Teekay benefits from vessel acquisitions, time charter-in vessels

    Since October 2014, Teekay Tankers has secured time charter-in contracts for two additional Aframax vessels and one additional LR2 vessel.

    By Katie Dale
  • uploads///Spot tanker rates
    Earnings Report

    Teekay Tankers’s fleet demand and tanker rates

    In 4Q14, LR2 product tanker rates touched their highest levels since 4Q08. Record high levels of Asian naphtha imports from the West supported LR2 rates.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Teekay Tankers comments on its benefits from LR2 vessels sector

    Teekay Tankers’s recent delivery of LR2 vessels were already trading in its Taurus pool. The fleet started generating revenues immediately upon delivery.

    By Katie Dale
  • uploads///Surplus Atlantic basin
    Earnings Report

    The global tanker fleet and its changing trade patterns

    The global tanker fleet is forecast to grow by 1.7% in 2015, with higher growth weighted toward the product sectors.

    By Katie Dale
  • uploads///Drydock schedule
    Earnings Report

    Teekay Tankers’s drydocking and spot market estimates

    The impact of low prices and development of floating storage in 1Q15 are expected to support positive tanker demand in the first half of 2015.

    By Katie Dale
  • uploads///Spot TCE crude tanker rates
    Earnings Report

    Teekay Tankers’s spot tanker rates, spot market exposure

    TNK CEO Kevin Mackay noted that in the past three months, average crude spot tanker rates were at their highest since the strong 2008 winter tanker market .

    By Katie Dale
  • uploads///Article
    Earnings Report

    Teekay Tankers overview and 4Q14 earnings highlights

    TNK’s chartering strategy includes vessel employment via a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading.

    By Katie Dale
  • uploads///TK
    Fund Managers

    Magnetar raises position in Teekay Corp.

    Magnetar increased its position in TK in the third quarter. The position accounts for 7.67% of the fund’s total portfolio in the third quarter.

    By Patricia Garner
  • Energy & Utilities

    Must-know: Ship Finance chartering strategy, part one

    SFL has five drilling units on long-term fixed-rate bareboat contracts. The rigs generated approximately $80 million in aggregate EBITDA in 2Q2014.

    By Katie Dale
  • Energy & Utilities

    A closer look at Teekay Tankers’ fixed payout dividend policy

    With a significant interest alignment of Teekay Tankers and Teekay Corporation, TNK acts like the growth vehicle for TK’s tanker franchise.

    By Katie Dale
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    Consumer

    Must-know: Eric Mindich and Eton Park’s 4Q13 positions

    Eric Mindich’s Eton Park Capital Management posted 22.3% returns in 2013, the fund told investors in a letter cited by news websites.

    By Samantha Nielson
  • Consumer

    Magnetar Financial invests in REIT Gaming and Leisure Properties

    Magnetar Financial LLC opened a brand new position in Gaming and Leisure Properties (GLPI) that accounts for 0.75% of the fund’s 4Q portfolio.

    By Samantha Nielson
  • uploads///PAGP
    Energy & Utilities

    Why did Magnetar Financial buy stake in Plains GP Holdings?

    Magnetar initiated a brand new position in Plains GP Holdings LP (PAGP) that accounts for 2.06% of the fund’s 4Q portfolio.

    By Samantha Nielson
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