Dikuch
I was one of the first analysts to turn bullish on Teekay Tankers (NYSE:TNK) last July and reiterated by bullish thesis in November 2022. My initial thesis was predicated on Russian crude oil that used to
Teekay Tankers: Higher For Longer
Summary
- Teekay Tankers has one of the largest fleet of oil tankers operating in the spot market.
- Tanker rates stay elevated due to Russian oil disruptions.
- With little global fleet growth until 2025, tanker rates can stay elevated for years.
Author of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find interesting.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TNK either through stock ownership, options, or other derivatives. 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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