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Teekay Tankers: Strong FCF Generation In Q3 But No Dividends - Buy

Nov. 21, 2022 2:18 PM ETTeekay Tankers Ltd. (TNK)12 Comments
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SimOne Trading


  • Teekay Tankers reported a strong FCF generation in Q3-2022.
  • No dividends were paid but indebtedness is decreasing.
  • Daily rates for Q4-2022 are expected to further increase.

Aerial view of chemical tanker waiting for loading


A couple of weeks ago, Teekay Tankers (NYSE:TNK) announced its Q3-2022 earnings. Results were a bit below analysts’ expectations, but the company is solid and it has a bright future ahead in my opinion. In this article, I will provide

Data by YCharts

Oil tankers day rates


This article was written by

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Analyzing investment opportunities in EU and US

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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