Teekay Tankers (Hold, TP: USD1.50) - TNK and TIL become one
The merger has been approved by shareholders and the world’s largest public mid-sized tanker company is a fact. The merger helps Teekay Tankers’ fleet age, but with ten vessels headed for drydock within 24 months on our forecast, the road is paved for further disposals. We reiterate our HOLD recommendation and cut our target price to USD1.50 (USD1.70).
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.