The news on this is saying they are going to run it.
$Teekay(TK.US$ Price target is 51.00 and it was given a strong buy. No resistance. Once it starts it wont stop.
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Kcler : What a crazy difference from the price point now? Maybe can add small position on this
Mcsnacks H TupackOP Kcler: because their ER is projected to be around 5.00.
Mcsnacks H TupackOP Kcler: When's the last time you saw a company with ER of 5.00 and under $7.00?
Kcler Mcsnacks H TupackOP: Like never
Mcsnacks H TupackOP Kcler: During the fourth quarter of 2022, mid-sized spot tanker rates surged to among the highest rates ever recorded, which resulted in Teekay posting its highest consolidated adjusted net earnings per share in 14 years.
Kcler Mcsnacks H TupackOP: Still holding this ! Thanks in the green already. @Mcsnacks H Tupack
Mcsnacks H TupackOP Kcler: They are doing a $60 million dollar buyback. So it will continue up.
lightfoot : I am a buyer tomorrow.