Teekay Shipping Corporation
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Teekay Shipping initiated with "hold"
www.newratings.com | Oct 1, 2009
NEW YORK, October 1 (newratings.com) - Analysts at Deutsche Bank Securities initiate coverage of Teekay Shipping (ticker: TK) with a "hold" rating. The target price is set to $18. [more]
http://www.newratings.com/en/main/company_headline.m?id=1971183
News from Zibb.com
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Teekay Shipping Posts Narrower-Than-Expected Loss but Sales Drop 36% (TK) - Zibb.com
Nov 13, 2009 (SmarTrend(R) News Watch via COMTEX) --
11/13/2009-Teekay Shipping (NYSE:TK) reported a Q3 loss of 60 cents, ex-items, beating consensus estimates for a loss of 75 cents per share.
Revenues in the quarter fell 35.7% year-over-year to $429 million, and came in short of consensus estimates of $451 million.
"In today's weak tanker market we are really seeing the benefits of our business mix," commented Bjorn Moller, Teekay Corporation's President and Chief Executive Officer. "With our growing fixed-rate offshore, liquefied gas and conventional tanker businesses largely insulated from the poor spot tanker market, they are providing a significant amount of stable cash flow from vessel operations. Over 80 percent of our capital is invested in our fixed-rate businesses."
Write to Chip Brian at cbrian@tradethetrend.com
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Companies: Teekay Shipping Corp. (TK)
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Super Review - Teekay Shipping Superannuation Plan
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Teekay Corp. - Analyst News | newratings.com
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Money Management - Teekay Shipping Superannuation Plan
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Money Management provides accurate and informative editorial coverage on finance topics such as risk insurance, taxation, banking, superannuation and mortgages. About Number Of Members: 517 Type of Benefit: Hybrid
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Teekay Corporation - Career Center
www.teekay.com
Our mission is to be the premier provider of marine services to the oil and gas industry. And we are always searching for the right people to join us on our journey.
TK: Profile for TEEKAY CORP - Yahoo! Finance
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See the company profile for TEEKAY CORP (TK) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives ...
Boeing: Teekay Shipping Signs Agreement to be International Launch ...
www.boeing.com
Teekay Shipping Corporation (NYSE: TK) and Connexion by Boeing, a business unit of The Boeing Company (NYSE: BA), today announced the signing of an agreement that makes Teekay the ...