Market Cap 2.34B
Revenue (ttm) 951.80M
Net Income (ttm) 351.19M
EPS (ttm) N/A
PE Ratio 6.81
Forward PE 4.68
Profit Margin 36.90%
Debt to Equity Ratio 0.00
Volume 409,100
Avg Vol 393,134
Day's Range N/A - N/A
Shares Out 34.55M
Stochastic %K 23%
Beta -0.22
Analysts Strong Sell
Price Target $83.33

Company Profile

Teekay Tankers Ltd., together with its subsidiaries, provides marine transportation services to oil industries in Bermuda and internationally. The company operates in two segments: Tankers and Marine Servies. It offers voyage and time charter services; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. In addition, the company is involved in the vessels management, procurement, and equipment rental...

Industry: Oil & Gas Midstream
Sector: Energy
Phone: 441 298 2530
Fax: 441 292 3931
Address:
Swan Building, 2nd Floor 26 Victoria Street, Hamilton, Bermuda
LuckyGuy13
LuckyGuy13 Jul. 4 at 1:45 PM
$PSHG Take it down to the drain. GOLDEN deal with Admiral General Aladeen will certainly leave us shareholders with nothing. When will Performance Shipping bankruptcy be announced? $STNG $TNK $FRO
0 · Reply
LuckyGuy13
LuckyGuy13 Jul. 2 at 5:48 PM
$PSHG GOLDEN agreement between Performance Shipping and Admiral General Aladeen will not divide us!!!11 $STNG $TNK $FRO https://www.youtube.com/watch?v=sj5pj3HblCk
0 · Reply
CubicleTrader24
CubicleTrader24 Jul. 1 at 10:18 AM
$TNK Same story everyday. Up in pre/post market. Down during normal market hours
0 · Reply
LuckyGuy13
LuckyGuy13 Jun. 29 at 8:43 PM
$PSHG GOLDEN deal with Admiral General Aladeen to deliver Wadiyan oil to the 'west' is the future for Performance Shipping Company. I'm Bullish!!!11 $STNG $TNK $FRO youtube.com/watch?v=X6W8oP8z5U0
0 · Reply
LuckyGuy13
LuckyGuy13 Jun. 29 at 8:13 PM
$PSHG Performance Shipping today announced the signing of GOLDEN agreement with eccentric and unlimited oil rich Admiral General Aladeen of the Republic of Wadiya for the transport of “Wadiyan premium oil” to the “west,” a region reportedly in urgent need of very large vessels, very strong opinions, and improved judgment. In a statement delivered from a gold-plated podium Admiral General Aladeen said he had been “personally monitoring the suffering of shareholders,” and claimed he once saw one such investor “searching for lunch in the bin.” The Admiral added that this was the kind of dedication required to support the company’s historic expansion plan. Under the GOLDEN deal, PSHG would deploy a fleet of tankers to deliver Wadiyan oil to western markets that were described by the Admiral as “rotten, but profitable.” The agreement is said to be supported by “maximum optimism, zero verification, and several red flags.” $STNG $TNK $FRO
0 · Reply
Taub77
Taub77 Jun. 29 at 8:00 PM
0 · Reply
SnapCrackleStop
SnapCrackleStop Jun. 26 at 2:40 PM
$TNK Lemmie see. We have $120 Book value a $1BILLION cash horde earn $12/sh and the market says let’s take this down 20%… Shipping ain’t dead folks. $$$$
0 · Reply
Investor_Scale
Investor_Scale Jun. 23 at 9:16 PM
$BWET $PSHG $STNG $TNK SEC = a joke
0 · Reply
LuckyGuy13
LuckyGuy13 Jun. 23 at 7:33 PM
$PSHG $BWET $STNG $TNK Fraudulent company on Nasdaq. Will SEC do something about PSHG? Fake lawsuits in between Greek shipping industry families. Court cases that do not proceed at all. Very disappointing for shareholders prices of rental deals of tankers. Signing long-term contracts to the detriment of the company.
0 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 22 at 2:58 PM
$TNK so Venezuela has to ship all their oil on non sanctioned tankers now. Russian Exports have slowed or stalled. Iran needs to ship oil...and probably will not be allowed to on sanctioned tankers.... With the dark fleet consisting on roughly 600-850 ships. This will drive a large portion of oil demand to legitimate shipping. Even though the legitimate tanker operators are in the middle of a massive buying/building spree of tankers this looks like a couple years of higher daily rates for tankers
0 · Reply
Latest News on TNK
Teekay Tankers price target raised to $75 from $69 at BofA

2026-05-20T10:21:23.000Z - 6 weeks ago

Teekay Tankers price target raised to $75 from $69 at BofA


Teekay Tankers Earnings Call Transcript: Q1 2026

May 14, 2026, 11:00 AM EDT - 7 weeks ago

Teekay Tankers Earnings Call Transcript: Q1 2026


Teekay Tankers Earnings release: Q1 2026

May 14, 2026, 11:00 AM EDT - 7 weeks ago

Teekay Tankers Earnings release: Q1 2026


Teekay Tankers Slides: Q1 2026

May 14, 2026, 11:00 AM EDT - 7 weeks ago

Teekay Tankers Slides: Q1 2026


Teekay Tankers reports Q1 adjusted EPS $3.69, consensus $3.54

2026-05-13T21:33:49.000Z - 7 weeks ago

Teekay Tankers reports Q1 adjusted EPS $3.69, consensus $3.54


Teekay Tankers declares $1.00 per share special cash dividend

2026-05-13T21:33:04.000Z - 7 weeks ago

Teekay Tankers declares $1.00 per share special cash dividend


Teekay Tankers price target raised to $69 from $60 at BofA

2026-02-20T13:28:26.000Z - 4 months ago

Teekay Tankers price target raised to $69 from $60 at BofA


Teekay Tankers downgraded to Hold from Buy at DNB Carnegie

2026-02-20T11:55:16.000Z - 4 months ago

Teekay Tankers downgraded to Hold from Buy at DNB Carnegie


Teekay Tankers Earnings Call Transcript: Q4 2025

Feb 19, 2026, 11:00 AM EST - 4 months ago

Teekay Tankers Earnings Call Transcript: Q4 2025


Teekay Tankers Annual report: Q4 2025

Feb 19, 2026, 11:00 AM EST - 4 months ago

Teekay Tankers Annual report: Q4 2025


Teekay Tankers Earnings release: Q4 2025

Feb 19, 2026, 11:00 AM EST - 4 months ago

Teekay Tankers Earnings release: Q4 2025


Teekay Tankers Slides: Q4 2025

Feb 19, 2026, 11:00 AM EST - 4 months ago

Teekay Tankers Slides: Q4 2025


Teekay Tankers reports Q4 adjusted EPS $2.80, consensus $2.73

2026-02-18T21:15:30.000Z - 4 months ago

Teekay Tankers reports Q4 adjusted EPS $2.80, consensus $2.73


Teekay Corporation Ltd. Fourth Quarter and Annual 2025 Update

Feb 18, 2026, 4:05 PM EST - 4 months ago

Teekay Corporation Ltd. Fourth Quarter and Annual 2025 Update

TK


Teekay Corporation Ltd. Third Quarter 2025 Update

Oct 29, 2025, 4:05 PM EDT - 8 months ago

Teekay Corporation Ltd. Third Quarter 2025 Update

TK


Teekay Tankers Earnings Call Transcript: Q3 2025

Oct 29, 2025, 3:00 AM EDT - 8 months ago

Teekay Tankers Earnings Call Transcript: Q3 2025


Teekay Tankers Earnings release: Q3 2025

Oct 29, 2025, 3:00 AM EDT - 8 months ago

Teekay Tankers Earnings release: Q3 2025


Teekay Tankers Slides: Q3 2025

Oct 29, 2025, 3:00 AM EDT - 8 months ago

Teekay Tankers Slides: Q3 2025


Teekay Tankers price target raised to $55 from $41 at BofA

2025-10-23T13:25:18.000Z - 9 months ago

Teekay Tankers price target raised to $55 from $41 at BofA


Teekay Tankers reports Q2 EPS $1.41, consensus $1.40

2025-07-30T21:20:18.000Z - 1 year ago

Teekay Tankers reports Q2 EPS $1.41, consensus $1.40


Teekay Corporation Ltd. Second Quarter 2025 Business Update

Jul 30, 2025, 4:05 PM EDT - 1 year ago

Teekay Corporation Ltd. Second Quarter 2025 Business Update

TK


Teekay Tankers Earnings Call Transcript: Q2 2025

Jul 30, 2025, 3:00 AM EDT - 1 year ago

Teekay Tankers Earnings Call Transcript: Q2 2025


Teekay Tankers Earnings release: Q2 2025

Jul 30, 2025, 3:00 AM EDT - 1 year ago

Teekay Tankers Earnings release: Q2 2025


Teekay Tankers Slides: Q2 2025

Jul 30, 2025, 3:00 AM EDT - 1 year ago

Teekay Tankers Slides: Q2 2025


Teekay Tankers price target lowered to $41 from $42 at BofA

2025-07-11T10:05:40.000Z - 1 year ago

Teekay Tankers price target lowered to $41 from $42 at BofA


Teekay Group Publishes 2024 Sustainability Report

Jun 9, 2025, 4:05 PM EDT - 1 year ago

Teekay Group Publishes 2024 Sustainability Report

TK


Teekay Tankers falls -4.8%

2025-06-03T13:50:41.000Z - 1 year ago

Teekay Tankers falls -4.8%


Teekay Tankers Earnings Call Transcript: Q1 2025

May 7, 2025, 3:00 AM EDT - 1 year ago

Teekay Tankers Earnings Call Transcript: Q1 2025


Teekay Tankers Earnings release: Q1 2025

May 7, 2025, 3:00 AM EDT - 1 year ago

Teekay Tankers Earnings release: Q1 2025


Teekay Tankers Slides: Q1 2025

May 7, 2025, 3:00 AM EDT - 1 year ago

Teekay Tankers Slides: Q1 2025


Teekay Tankers Earnings Call Transcript: Q4 2024

Feb 19, 2025, 2:00 AM EST - 1 year ago

Teekay Tankers Earnings Call Transcript: Q4 2024


Teekay Tankers Annual report: Q4 2024

Feb 19, 2025, 2:00 AM EST - 1 year ago

Teekay Tankers Annual report: Q4 2024


Teekay Tankers Earnings release: Q4 2024

Feb 19, 2025, 2:00 AM EST - 1 year ago

Teekay Tankers Earnings release: Q4 2024


Teekay Tankers Slides: Q4 2024

Feb 19, 2025, 2:00 AM EST - 1 year ago

Teekay Tankers Slides: Q4 2024


Teekay Group Announces Changes to Boards of Directors

Dec 9, 2024, 6:04 PM EST - 1 year ago

Teekay Group Announces Changes to Boards of Directors

TK


Teekay Tankers Earnings Call Transcript: Q3 2024

Oct 30, 2024, 3:00 AM EDT - 1 year ago

Teekay Tankers Earnings Call Transcript: Q3 2024


Teekay Tankers Earnings release: Q3 2024

Oct 30, 2024, 3:00 AM EDT - 1 year ago

Teekay Tankers Earnings release: Q3 2024


Teekay Tankers Slides: Q3 2024

Oct 30, 2024, 3:00 AM EDT - 1 year ago

Teekay Tankers Slides: Q3 2024


Teekay Tankers Earnings Call Transcript: Q2 2024

Aug 1, 2024, 3:00 AM EDT - 2 years ago

Teekay Tankers Earnings Call Transcript: Q2 2024


Teekay Tankers Earnings release: Q2 2024

Aug 1, 2024, 3:00 AM EDT - 2 years ago

Teekay Tankers Earnings release: Q2 2024


Teekay Tankers Slides: Q2 2024

Aug 1, 2024, 3:00 AM EDT - 2 years ago

Teekay Tankers Slides: Q2 2024


Teekay Corporation Reports Second Quarter 2024 Results

Aug 1, 2024, 1:00 AM EDT - 2 years ago

Teekay Corporation Reports Second Quarter 2024 Results

TK


Teekay Tankers Earnings Call Transcript: Q1 2024

May 9, 2024, 3:00 AM EDT - 2 years ago

Teekay Tankers Earnings Call Transcript: Q1 2024


Teekay Tankers Earnings release: Q1 2024

May 9, 2024, 3:00 AM EDT - 2 years ago

Teekay Tankers Earnings release: Q1 2024


Teekay Tankers Slides: Q1 2024

May 9, 2024, 3:00 AM EDT - 2 years ago

Teekay Tankers Slides: Q1 2024


Teekay Corporation Reports First Quarter 2024 Results

May 9, 2024, 1:00 AM EDT - 2 years ago

Teekay Corporation Reports First Quarter 2024 Results

TK


Teekay Tankers Earnings Call Transcript: Q4 2023

Feb 22, 2024, 2:00 AM EST - 2 years ago

Teekay Tankers Earnings Call Transcript: Q4 2023


Teekay Tankers Annual report: Q4 2023

Feb 22, 2024, 2:00 AM EST - 2 years ago

Teekay Tankers Annual report: Q4 2023


Teekay Tankers Earnings release: Q4 2023

Feb 22, 2024, 2:00 AM EST - 2 years ago

Teekay Tankers Earnings release: Q4 2023


Teekay Tankers Slides: Q4 2023

Feb 22, 2024, 2:00 AM EST - 2 years ago

Teekay Tankers Slides: Q4 2023


Teekay Tankers Earnings Call Transcript: Q3 2023

Nov 2, 2023, 3:00 AM EDT - 2 years ago

Teekay Tankers Earnings Call Transcript: Q3 2023


Teekay Tankers Earnings release: Q3 2023

Nov 2, 2023, 3:00 AM EDT - 2 years ago

Teekay Tankers Earnings release: Q3 2023


Teekay Tankers Slides: Q3 2023

Nov 2, 2023, 3:00 AM EDT - 2 years ago

Teekay Tankers Slides: Q3 2023


Teekay Tankers Earnings Call Transcript: Q2 2023

Aug 3, 2023, 3:00 AM EDT - 3 years ago

Teekay Tankers Earnings Call Transcript: Q2 2023


Teekay Tankers Earnings release: Q2 2023

Aug 3, 2023, 3:00 AM EDT - 3 years ago

Teekay Tankers Earnings release: Q2 2023


Teekay Tankers Slides: Q2 2023

Aug 3, 2023, 3:00 AM EDT - 3 years ago

Teekay Tankers Slides: Q2 2023


Teekay Tankers Earnings Call Transcript: Q1 2023

May 11, 2023, 3:00 AM EDT - 3 years ago

Teekay Tankers Earnings Call Transcript: Q1 2023


Teekay Tankers Earnings release: Q1 2023

May 11, 2023, 3:00 AM EDT - 3 years ago

Teekay Tankers Earnings release: Q1 2023


Teekay Tankers Slides: Q1 2023

May 11, 2023, 3:00 AM EDT - 3 years ago

Teekay Tankers Slides: Q1 2023


Teekay Tankers Updates Capital Allocation Plan

May 11, 2023, 12:00 AM EDT - 3 years ago

Teekay Tankers Updates Capital Allocation Plan


Teekay Tankers Earnings Call Transcript: Q4 2022

Feb 23, 2023, 2:00 AM EST - 3 years ago

Teekay Tankers Earnings Call Transcript: Q4 2022


Teekay Tankers Annual report: Q4 2022

Feb 23, 2023, 2:00 AM EST - 3 years ago

Teekay Tankers Annual report: Q4 2022


Teekay Tankers Earnings release: Q4 2022

Feb 23, 2023, 2:00 AM EST - 3 years ago

Teekay Tankers Earnings release: Q4 2022


Teekay Tankers Slides: Q4 2022

Feb 23, 2023, 2:00 AM EST - 3 years ago

Teekay Tankers Slides: Q4 2022


Teekay Tankers Earnings Call Transcript: Q3 2022

Nov 3, 2022, 3:00 AM EDT - 3 years ago

Teekay Tankers Earnings Call Transcript: Q3 2022


Teekay Tankers Earnings release: Q3 2022

Nov 3, 2022, 3:00 AM EDT - 3 years ago

Teekay Tankers Earnings release: Q3 2022


Teekay Tankers Slides: Q3 2022

Nov 3, 2022, 3:00 AM EDT - 3 years ago

Teekay Tankers Slides: Q3 2022


Teekay Tankers Ltd. Reports Third Quarter 2022 Results

Nov 3, 2022, 12:00 AM EDT - 3 years ago

Teekay Tankers Ltd. Reports Third Quarter 2022 Results


Teekay Tankers Earnings Call Transcript: Q2 2022

Aug 4, 2022, 3:15 AM EDT - 4 years ago

Teekay Tankers Earnings Call Transcript: Q2 2022


Teekay Tankers Earnings release: Q2 2022

Aug 4, 2022, 3:15 AM EDT - 4 years ago

Teekay Tankers Earnings release: Q2 2022


Teekay Tankers Slides: Q2 2022

Aug 4, 2022, 3:15 AM EDT - 4 years ago

Teekay Tankers Slides: Q2 2022


Teekay Tankers Ltd. Reports Second Quarter 2022 Results

Aug 4, 2022, 12:00 AM EDT - 4 years ago

Teekay Tankers Ltd. Reports Second Quarter 2022 Results


Teekay Tankers Earnings Call Transcript: Q1 2022

May 12, 2022, 2:30 AM EDT - 4 years ago

Teekay Tankers Earnings Call Transcript: Q1 2022


Teekay Tankers Earnings release: Q1 2022

May 12, 2022, 2:30 AM EDT - 4 years ago

Teekay Tankers Earnings release: Q1 2022


Teekay Tankers Slides: Q1 2022

May 12, 2022, 2:30 AM EDT - 4 years ago

Teekay Tankers Slides: Q1 2022


Teekay Tankers Ltd. Reports First Quarter 2022 Results

May 12, 2022, 2:00 AM EDT - 4 years ago

Teekay Tankers Ltd. Reports First Quarter 2022 Results


Teekay Tankers Earnings Call Transcript: Q4 2021

Feb 24, 2022, 2:00 AM EST - 4 years ago

Teekay Tankers Earnings Call Transcript: Q4 2021


Teekay Tankers Annual report: Q4 2021

Feb 24, 2022, 2:00 AM EST - 4 years ago

Teekay Tankers Annual report: Q4 2021


Teekay Tankers Earnings release: Q4 2021

Feb 24, 2022, 2:00 AM EST - 4 years ago

Teekay Tankers Earnings release: Q4 2021


Teekay Tankers Slides: Q4 2021

Feb 24, 2022, 2:00 AM EST - 4 years ago

Teekay Tankers Slides: Q4 2021


Teekay Tankers Ltd. Reports Third Quarter 2021 Results

Nov 4, 2021, 1:00 AM EDT - 5 years ago

Teekay Tankers Ltd. Reports Third Quarter 2021 Results


LuckyGuy13
LuckyGuy13 Jul. 4 at 1:45 PM
$PSHG Take it down to the drain. GOLDEN deal with Admiral General Aladeen will certainly leave us shareholders with nothing. When will Performance Shipping bankruptcy be announced? $STNG $TNK $FRO
0 · Reply
LuckyGuy13
LuckyGuy13 Jul. 2 at 5:48 PM
$PSHG GOLDEN agreement between Performance Shipping and Admiral General Aladeen will not divide us!!!11 $STNG $TNK $FRO https://www.youtube.com/watch?v=sj5pj3HblCk
0 · Reply
CubicleTrader24
CubicleTrader24 Jul. 1 at 10:18 AM
$TNK Same story everyday. Up in pre/post market. Down during normal market hours
0 · Reply
LuckyGuy13
LuckyGuy13 Jun. 29 at 8:43 PM
$PSHG GOLDEN deal with Admiral General Aladeen to deliver Wadiyan oil to the 'west' is the future for Performance Shipping Company. I'm Bullish!!!11 $STNG $TNK $FRO youtube.com/watch?v=X6W8oP8z5U0
0 · Reply
LuckyGuy13
LuckyGuy13 Jun. 29 at 8:13 PM
$PSHG Performance Shipping today announced the signing of GOLDEN agreement with eccentric and unlimited oil rich Admiral General Aladeen of the Republic of Wadiya for the transport of “Wadiyan premium oil” to the “west,” a region reportedly in urgent need of very large vessels, very strong opinions, and improved judgment. In a statement delivered from a gold-plated podium Admiral General Aladeen said he had been “personally monitoring the suffering of shareholders,” and claimed he once saw one such investor “searching for lunch in the bin.” The Admiral added that this was the kind of dedication required to support the company’s historic expansion plan. Under the GOLDEN deal, PSHG would deploy a fleet of tankers to deliver Wadiyan oil to western markets that were described by the Admiral as “rotten, but profitable.” The agreement is said to be supported by “maximum optimism, zero verification, and several red flags.” $STNG $TNK $FRO
0 · Reply
Taub77
Taub77 Jun. 29 at 8:00 PM
0 · Reply
SnapCrackleStop
SnapCrackleStop Jun. 26 at 2:40 PM
$TNK Lemmie see. We have $120 Book value a $1BILLION cash horde earn $12/sh and the market says let’s take this down 20%… Shipping ain’t dead folks. $$$$
0 · Reply
Investor_Scale
Investor_Scale Jun. 23 at 9:16 PM
$BWET $PSHG $STNG $TNK SEC = a joke
0 · Reply
LuckyGuy13
LuckyGuy13 Jun. 23 at 7:33 PM
$PSHG $BWET $STNG $TNK Fraudulent company on Nasdaq. Will SEC do something about PSHG? Fake lawsuits in between Greek shipping industry families. Court cases that do not proceed at all. Very disappointing for shareholders prices of rental deals of tankers. Signing long-term contracts to the detriment of the company.
0 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 22 at 2:58 PM
$TNK so Venezuela has to ship all their oil on non sanctioned tankers now. Russian Exports have slowed or stalled. Iran needs to ship oil...and probably will not be allowed to on sanctioned tankers.... With the dark fleet consisting on roughly 600-850 ships. This will drive a large portion of oil demand to legitimate shipping. Even though the legitimate tanker operators are in the middle of a massive buying/building spree of tankers this looks like a couple years of higher daily rates for tankers
0 · Reply
Taub77
Taub77 Jun. 19 at 3:46 PM
$TNK https://youtu.be/PcN3pVO08AQ?si=0sX6xe942ZqVaQTK
0 · Reply
stubbybrown
stubbybrown Jun. 18 at 5:04 PM
@WAJeff a couple of names that stay in my screener $RRX $TNK. Industrial automation, motion control and engineering
1 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 14 at 4:15 PM
$TNK Another shadow fleet tanker taken out of play for a while. The SMYRTOS was seized in England. This makes 16 shadow fleet tankers seized and detained this year by the US, UK, etc. Additionally, we know of another 9 tankers disabled by US forces blockading Iran. And several Tankers were disabled or destroyed by Iranian attacks. There are an estimated 350 ships in the shadow fleet that expected to be scrapped because they have become too economically difficult to sustain despite the money being thrown at them to haul oil.
1 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 12 at 4:39 PM
$TNK what happens when all that oil can be shipped? Oil prices go down...and those countries that have been emptying their reserves will need crude and oil products. Day rates for tankers will remain elevated for a much longer period of time as everyone orders oil...and refills reserves. Plenty of nations are probably even considering expanding reserves in light of recent events.
0 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 11 at 1:22 AM
$TNK We are 20 days from the end of Quarter for TNK. The next earnings report is end of July but the period covers from 1 apr - 30 Jun. This wil be the first full period operating with the Strait of Hormuz fully restricted. We probably can expect a rather large blow out of earnings at this point based on the strait being closed. And with countries severely dipping into oil reserves we can now expect and longer period of higher rates when gas prices go down. In addition, everything points to a large portion of national reserves being empty within the next few weeks to a month. Either leading demand destruction or higher rates for tankers to deliver oil.
0 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 8 at 8:21 PM
$TNK US forces just disabled another non compliant tanker heading toward Iraq...makes 7 ships total disabled..6 Tankers. M/T Marivex
0 · Reply
JackDarwin
JackDarwin Jun. 8 at 12:44 PM
$TNK Bullish Engulfing Candlestick Pattern
0 · Reply
UareDross333
UareDross333 Jun. 3 at 10:33 PM
0 · Reply
UareDross333
UareDross333 Jun. 3 at 3:27 PM
0 · Reply
FrostyEmpire4
FrostyEmpire4 Jun. 2 at 12:12 PM
$TNK essentially the overall story is not enough oil is getting refineries via traditional methods. Tankers rates have surged but have been mitigated by nations around the world depleting their strategic petroleum reserves. Even with nations outside the Persian Gulf ramping up oil production this will take a year or more just to get enough oil being pumped out of the ground. Meanwhile voyage charters will getting longer and longer. Even if the ships trapped in the Persian Gulf were to escape there will still be a shortage of ships to move product and in many cases to locations where the oil will be available not have the infrastructure setup to handle the volume oil or the size of ship available. Essentially, most ports can't handle a VLCC. Everything points to being just a couple weeks away from those petroleum reserves from being depleted.
0 · Reply
SnapCrackleStop
SnapCrackleStop Jun. 2 at 11:20 AM
$TNK
0 · Reply
FrostyEmpire4
FrostyEmpire4 May. 30 at 2:23 PM
$TNK another great article from CNBC on the likely outcome of hostilities. Basically, shows the strait of hormuz will probably be out of play for year even if open "hostilities" stop and the strait is reopened. https://www.cnbc.com/2026/05/30/oil-exports-through-hormuz-might-not-return-to-levels-before-iran-war.html
0 · Reply