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No. of Recommendations: 8
The tanker companies actually completed reporting their respective Q3 results at the end of
November. However, I just got around to taking a quick look at Teekay (TK) today. I knew Q3
was going to be a rough quarter, but there were still some surprises. While technically a Q4
event, the collapse of Overseas Shipping Group (OSG) was a major surprise. I knew the
company was having problems, I just didn't think the company operations were that messed up.

The data--

Still light on tanker company holdings overall, but I have been selectively adding to the port
in the last month- Teekay Tankers (TNK) and Tsakos Energy (TNP). The company size, price or debt
of either idea might scare most of y'all away. But for me, both are selling for major discounts to my
September exits, so I got interested. YMMV.
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