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Is A Turnaround In The Cards For Mid-Size Crude Tanker Stocks?


  • Spot rates going lower in 2017.

  • Capacity outpacing demand in the near term.

  • Is the market signaling a turnaround in 2018.

Teekay Tankers (NYSE:TNK) stock has been in the dumpster as of late with no sign of a recovery in the near term. What should investors look for that might indicate a reversal? I'm no industry expert but look for indicators that may signal a new direction for the stock. I'm going to offer a unique perspective on stock price movements past and future. The beauty of this is in its simplicity that not only can be applied to TNK but also other tanker companies that have a large fleet makeup of Aframax and Suezmax tankers.

Teekay Tankers is in the business of transporting oil. TNK is a subsidiary of Teekay Corporation (NYSE:TK) which we will not delve into here since it has no bearing on the perspective laid out in this article. The bulk of its fleet consists of Aframax and Suezmax tankers. Success or failure comes down to daily rates and 2017 is off to a rocky start:

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