Stockchase Opinions

Jeff Parent B. Eng. FCSI CIM Teekay Shipping Corp. TK-N TOP PICK Jul 24, 2009

Oil tankers shipping liquefied natural gas and oil. NAV is about $40.
$18.740

Stock price when the opinion was issued

Transportation
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TOP PICK
Oil tanker business is absolutely phenominal. Prices they are getting for shipping oil is unbelievable.
TOP PICK
(A Top Pick Nov 25/04. Down 19%.) One of the world's largest in the giant tankers. Putting on a large liquid natural gas energy fleet. Trades at only 5 Xearnings.
PAST TOP PICK
The business it's in, is very volitile. Reletivly speaking TK is pretty stable, as it has contracts for 5 years.
HOLD
A bit slow at the moment. Sold a part of his holdings. A high quality company. Has put on some longer term investment through LNG tankers which is part of the future. Good long term hold.
BUY
Hasn't done much this year, but in the last five years it tripled. If you believe the longer term growth story of LNG (liquefied natural gas). Not a bad place to be.
WATCH
Interesting name. Fair amount of LNG shipping, which, as far as North America is concerned, won't accelerate very much other than exporting. Need to see economic growth pick up before you see oil/gas cargoes moving.
PAST TOP PICK
(A Top Pick July 24/09. Up 56.45%.)
BUY

Is the best crude oil carrier.