Teekay Tanker December Update

[dave_n]

Here is December update from Teekay Tanker.

https://www.teekay.com/blog/2018/12/20/ ... mber-2018/

Seeing lower tanker rates in Q1 and early Q2 due to OPEC cuts and refinery maintenance (conversion to IMO 2020). Sees OPEC cuts as more balancing in nature (temporary). Overall year expects market to continue to be favorable once OPEC ramps back up production in latter part of year once market stabilizes.

[dave_n]

Weber weekly confirming reducing rates in near term.

https://www.hellenicshippingnews.com/wp ... y02-19.pdf

[mkarpoff]

Personally, I avoid all shippers, all refiners. Too confusing, too volatile.

[dave_n]

I started following because it's a great view into volume movements. If rates go up, typically someone is shipping more than they should. If it's not of interest to group, I'll stop posting.

[dan_s]

Dave: Keep posting, it is valuable info

[grimaldi]

I have one of Teekay's preferreds, also own to LNG tanker stocks.