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Despite one of the strongest tanker markets on record, Scorpio Tankers ( STNG ) is down ~50% YTD. Usually it's the opposite. Data by YCharts I have to admit, I am not the biggest fan of product tankers (I typically invest in crude tankers), but at these levels, especially after STNG's ...
Teekay Corp. (NYSE: TK ) and Teekay LNG Partners (NYSE: TGP ) announce a pact to eliminate all of the partnership's incentive distribution rights in exchange for 10.75M newly-issued Teekay LNG common units. More news on: Teekay Corporation, Teekay LNG Partners L.P., Energy stocks news, ...
HAMILTON, Bermuda, May 11, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation ( Teekay ) (NYSE:TK) and Teekay LNG Partners L.P. ( Teekay LNG or the Partnership ) (NYSE:TGP) today announced the execution of a definitive agreement to eliminate all of the Partnership’s incentive distribution...
HAMILTON, Bermuda, May 06, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation ( Teekay ) (NYSE:TK), Teekay LNG Partners L.P. ( Teekay LNG ) (NYSE:TGP), and Teekay Tankers Ltd. ( Teekay Tankers ) (NYSE:TNK) plan to release their financial results for the first quarter 2020 before market open on Thu...
Tanker shares post broad losses as rates continue to fall sharply with oil prices rebounding, prompting a reversal of bullish sentiment and a new question from Hellenic Shipping News : Will tanker stocks crash as fast as they soared? More news on: Nordic American Tankers Limited, ...
The energy sector has seen huge amounts of volatility recently. The coronavirus pandemic has brought vast swathes of the global economy to a standstill, and demand for oil and natural gas has plunged in response. Yet very few investors expect those conditions to last for very long, and as a resu...
Oil tanker stocks continue to rally on expectations for higher rates due to demand for offshore storage of oil: NAT +15.4% , TK +4.7% , STNG +2.8% , FRO +2.1% , TNK +1.8% . More news on: Nordic American Tankers Limited, Teekay Corporation, Scorpio Tankers Inc., Energy stocks...
It's a new week -- and another week of disruption in the oil market . Oil prices are tumbling in Monday trading, with WTI crude prices down 28.3% by noon at $12.15 a barrel (for June delivery) and Brent down 9.5% at $19.58. The stock prices of oil tanker transport companies, on the ot...
Tanker stocks are rallying, as WTI crude oil plunges again amid pressure from a huge glut: NAT +16.5% , TNP +11.2% , TK +8.9% , FRO +7.7% , ASC +7.3% , DHT +7.2% , TNK +7.1% , EURN +6.7% , DSSI +6.1% , STNG +4.8% . More news on: Nordic American Tankers Limited...
source: seeking alpha There are many tales of woe over the huge correction in the stock market, as the majority of companies could take as much as several years to recover to levels prior to the collapse, maybe longer, depending on how the government, business, and people respond after t...
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HAMILTON, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation ( Teekay ) (NYSE:TK) and Teekay Tankers Ltd. ( Teekay Tankers ) (NYSE:TNK) plan to release their financial results for the second quarter of 2024 before market open on Thursday, August 1, 2024. Teekay Tankers pl...
2024-07-14 22:12:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-24 12:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...