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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (44094)	12/19/2008 2:24:57 PM
From: TobagoJack	Respond to of 217713

should oil get back to 100 the world is saved but only to be screwed another way and when so, gold would be the same trade as oil as would be platinum and iron and, perhaps, teekay tankers just in in-tray player #1 I just watched an interview with Bjorn Moller of Teekay Tankers and he's saying that everything is comparatively rosy where he is -- he seems to think this floating storage thing is like manna from heaven for him and that he can still make his numbers on that basis until things turn around -- does that ring true, or is this guy talking through his hat? (presentation attached) I'd like to believe the story since it would obviously be a good place to hide while avoiding further commodity downside, but my BS meter keeps going off -- I see some nasty balloon payments in 2013 on cov-lite debt that will need to be addressed, but are there other flaws in this model? I don't want to look a gift horse in the mouth if this dealio actually works teekaytankers.com player #2 Bjorn is a relatively non bs guy, more administrator than promotor . In fact has been his weakness in that has not talked up the stock in good times either. With this said , the family of thefounder owns control and will not sell out , they control bjorn's job, so not so excited if stock moves up or down, just so long as company continues and lives (which good thing in these days !) Their debt facilities some of best in business. Definite cov light. But I think the weakness in the model for trading is that it is a shipping stock , as such will get pounded each and every time another stock in same sector screws up , which are fast and furious (eagle bulk imploded today ). While unrelated and different business models , and mgmt professionalism, I would say that it is difficult if not impossible to avoid the brush as it passes. So teekay brand is good for long term value , but can not say I recommend for a trading position (up or down)