John Stephenson
Teekay Shipping Corp.
TK-N
WATCH
Dec 11, 2009
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.
(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.
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.
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.