My first article on this topic in March 2017, “Is A Turnaround In The Cards For Mid-Size Crude Tanker Stocks?” I projected the following cycle to bottom by the end of 2017 and turn up in 2018. This was based in part on global oil demand growth and global fleet growth or capacity growth. The data predicted the cycle going forward from 2017 based on actual data from 2011: The graph confirmed a past trough and peak in 2012 and 2015 and predicted 2017 as the bottom. Obviously th

Spot rates going lower in 2017. Capacity outpacing demand in the near term. Is the market signaling a turnaround in 2018.

The following is a summary of Teekay Tankers (TNK) December presentation and commentary concerning rates.

The following is a summary of Teekay Tankers (TNK) November presentation. The information for this summary was taken from the video found here. We said after the September update that we could see sub $2 levels before things get better. The stock hit a low of $1.84 at the beginning of November. I am surprised how quickly it recovered until we look at the November update. TNK expected rates to recover in Q4 above ten thousand dollars a day and if October is any indication the

The following is my summary of the TNK 2016 September update and commentary concerning the price.