Intrinsic value of Teekay - TK

Previous Close

$5.74

  Intrinsic Value

$1.80

stock screener

  Rating & Target

str. sell

-69%

Previous close

$5.74

 
Intrinsic value

$1.80

 
Up/down potential

-69%

 
Rating

str. sell

We calculate the intrinsic value of TK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,918
  1,962
  2,012
  2,069
  2,132
  2,201
  2,276
  2,357
  2,444
  2,538
  2,638
  2,745
  2,859
  2,981
  3,109
  3,245
  3,390
  3,542
  3,703
  3,873
  4,053
  4,242
  4,442
  4,652
  4,874
  5,107
  5,352
  5,611
  5,882
  6,168
Variable operating expenses, $m
  320
  327
  335
  344
  354
  365
  377
  390
  404
  419
  421
  439
  457
  476
  497
  518
  541
  566
  592
  619
  647
  678
  709
  743
  778
  816
  855
  896
  940
  985
Fixed operating expenses, $m
  1,624
  1,660
  1,696
  1,734
  1,772
  1,811
  1,850
  1,891
  1,933
  1,975
  2,019
  2,063
  2,109
  2,155
  2,202
  2,251
  2,300
  2,351
  2,403
  2,456
  2,510
  2,565
  2,621
  2,679
  2,738
  2,798
  2,860
  2,922
  2,987
  3,052
Total operating expenses, $m
  1,944
  1,987
  2,031
  2,078
  2,126
  2,176
  2,227
  2,281
  2,337
  2,394
  2,440
  2,502
  2,566
  2,631
  2,699
  2,769
  2,841
  2,917
  2,995
  3,075
  3,157
  3,243
  3,330
  3,422
  3,516
  3,614
  3,715
  3,818
  3,927
  4,037
Operating income, $m
  -26
  -25
  -19
  -9
  6
  25
  48
  75
  107
  144
  198
  244
  294
  349
  410
  476
  548
  625
  709
  799
  896
  1,000
  1,111
  1,230
  1,357
  1,493
  1,638
  1,792
  1,956
  2,130
EBITDA, $m
  476
  488
  507
  532
  562
  599
  641
  689
  743
  803
  870
  942
  1,022
  1,108
  1,201
  1,302
  1,411
  1,527
  1,652
  1,785
  1,928
  2,080
  2,242
  2,414
  2,598
  2,793
  3,000
  3,220
  3,453
  3,700
Interest expense (income), $m
  341
  247
  254
  263
  273
  285
  298
  312
  327
  344
  362
  381
  401
  423
  447
  472
  498
  526
  555
  587
  620
  655
  691
  730
  771
  814
  860
  908
  958
  1,011
  1,067
Earnings before tax, $m
  -273
  -278
  -282
  -282
  -279
  -273
  -264
  -252
  -236
  -218
  -183
  -158
  -129
  -97
  -61
  -22
  22
  70
  122
  179
  241
  308
  381
  459
  543
  633
  730
  834
  945
  1,064
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  6
  19
  33
  48
  65
  83
  103
  124
  147
  171
  197
  225
  255
  287
Net income, $m
  -273
  -278
  -282
  -282
  -279
  -273
  -264
  -252
  -236
  -218
  -183
  -158
  -129
  -97
  -61
  -22
  16
  51
  89
  131
  176
  225
  278
  335
  396
  462
  533
  609
  690
  777

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,093
  8,279
  8,491
  8,730
  8,995
  9,285
  9,602
  9,944
  10,313
  10,709
  11,132
  11,584
  12,065
  12,576
  13,118
  13,693
  14,302
  14,945
  15,625
  16,343
  17,101
  17,900
  18,742
  19,629
  20,564
  21,548
  22,583
  23,673
  24,819
  26,025
Adjusted assets (=assets-cash), $m
  8,093
  8,279
  8,491
  8,730
  8,995
  9,285
  9,602
  9,944
  10,313
  10,709
  11,132
  11,584
  12,065
  12,576
  13,118
  13,693
  14,302
  14,945
  15,625
  16,343
  17,101
  17,900
  18,742
  19,629
  20,564
  21,548
  22,583
  23,673
  24,819
  26,025
Revenue / Adjusted assets
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
  0.237
Average production assets, $m
  7,421
  7,591
  7,786
  8,005
  8,248
  8,514
  8,804
  9,118
  9,456
  9,819
  10,207
  10,622
  11,063
  11,532
  12,029
  12,556
  13,114
  13,704
  14,328
  14,986
  15,681
  16,413
  17,186
  17,999
  18,856
  19,758
  20,708
  21,707
  22,758
  23,864
Working capital, $m
  -222
  -228
  -233
  -240
  -247
  -255
  -264
  -273
  -284
  -294
  -306
  -318
  -332
  -346
  -361
  -376
  -393
  -411
  -430
  -449
  -470
  -492
  -515
  -540
  -565
  -592
  -621
  -651
  -682
  -715
Total debt, $m
  4,697
  4,865
  5,056
  5,271
  5,510
  5,771
  6,056
  6,364
  6,696
  7,052
  7,433
  7,839
  8,272
  8,732
  9,221
  9,738
  10,286
  10,865
  11,477
  12,123
  12,805
  13,524
  14,282
  15,080
  15,921
  16,807
  17,739
  18,720
  19,752
  20,837
Total liabilities, $m
  7,283
  7,451
  7,642
  7,857
  8,096
  8,357
  8,641
  8,950
  9,281
  9,638
  10,019
  10,425
  10,858
  11,318
  11,807
  12,324
  12,872
  13,451
  14,063
  14,709
  15,391
  16,110
  16,868
  17,666
  18,507
  19,393
  20,325
  21,306
  22,338
  23,423
Total equity, $m
  809
  828
  849
  873
  900
  929
  960
  994
  1,031
  1,071
  1,113
  1,158
  1,206
  1,258
  1,312
  1,369
  1,430
  1,495
  1,563
  1,634
  1,710
  1,790
  1,874
  1,963
  2,056
  2,155
  2,258
  2,367
  2,482
  2,603
Total liabilities and equity, $m
  8,092
  8,279
  8,491
  8,730
  8,996
  9,286
  9,601
  9,944
  10,312
  10,709
  11,132
  11,583
  12,064
  12,576
  13,119
  13,693
  14,302
  14,946
  15,626
  16,343
  17,101
  17,900
  18,742
  19,629
  20,563
  21,548
  22,583
  23,673
  24,820
  26,026
Debt-to-equity ratio
  5.800
  5.880
  5.950
  6.040
  6.130
  6.220
  6.310
  6.400
  6.490
  6.590
  6.680
  6.770
  6.860
  6.940
  7.030
  7.110
  7.190
  7.270
  7.350
  7.420
  7.490
  7.560
  7.620
  7.680
  7.740
  7.800
  7.850
  7.910
  7.960
  8.010
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -273
  -278
  -282
  -282
  -279
  -273
  -264
  -252
  -236
  -218
  -183
  -158
  -129
  -97
  -61
  -22
  16
  51
  89
  131
  176
  225
  278
  335
  396
  462
  533
  609
  690
  777
Depreciation, amort., depletion, $m
  502
  513
  526
  540
  556
  574
  593
  614
  636
  660
  672
  699
  728
  759
  791
  826
  863
  902
  943
  986
  1,032
  1,080
  1,131
  1,184
  1,241
  1,300
  1,362
  1,428
  1,497
  1,570
Funds from operations, $m
  229
  235
  244
  259
  278
  301
  329
  362
  399
  442
  489
  541
  599
  661
  730
  804
  879
  953
  1,032
  1,117
  1,208
  1,305
  1,409
  1,519
  1,637
  1,762
  1,895
  2,037
  2,187
  2,347
Change in working capital, $m
  -4
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -12
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -30
  -32
  -33
Cash from operations, $m
  233
  240
  250
  265
  285
  309
  338
  371
  410
  453
  500
  554
  612
  675
  745
  820
  896
  970
  1,051
  1,137
  1,229
  1,327
  1,432
  1,544
  1,663
  1,789
  1,924
  2,067
  2,219
  2,380
Maintenance CAPEX, $m
  -479
  -488
  -499
  -512
  -527
  -543
  -560
  -579
  -600
  -622
  -646
  -672
  -699
  -728
  -759
  -791
  -826
  -863
  -902
  -943
  -986
  -1,032
  -1,080
  -1,131
  -1,184
  -1,241
  -1,300
  -1,362
  -1,428
  -1,497
New CAPEX, $m
  -146
  -171
  -195
  -219
  -243
  -266
  -290
  -314
  -338
  -363
  -388
  -414
  -441
  -469
  -497
  -527
  -558
  -590
  -624
  -658
  -695
  -733
  -772
  -814
  -857
  -902
  -950
  -999
  -1,051
  -1,106
Cash from investing activities, $m
  -625
  -659
  -694
  -731
  -770
  -809
  -850
  -893
  -938
  -985
  -1,034
  -1,086
  -1,140
  -1,197
  -1,256
  -1,318
  -1,384
  -1,453
  -1,526
  -1,601
  -1,681
  -1,765
  -1,852
  -1,945
  -2,041
  -2,143
  -2,250
  -2,361
  -2,479
  -2,603
Free cash flow, $m
  -392
  -419
  -444
  -466
  -484
  -500
  -512
  -522
  -528
  -532
  -534
  -532
  -528
  -521
  -511
  -498
  -489
  -483
  -474
  -464
  -452
  -437
  -420
  -401
  -378
  -353
  -326
  -295
  -261
  -223
Issuance/(repayment) of debt, $m
  119
  168
  191
  215
  238
  261
  285
  308
  332
  356
  381
  407
  433
  460
  488
  517
  548
  579
  612
  646
  682
  719
  758
  799
  841
  886
  932
  981
  1,032
  1,085
Issuance/(repurchase) of shares, $m
  305
  297
  303
  306
  305
  302
  295
  286
  273
  258
  225
  203
  177
  148
  116
  79
  45
  13
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  424
  465
  494
  521
  543
  563
  580
  594
  605
  614
  606
  610
  610
  608
  604
  596
  593
  592
  612
  646
  682
  719
  758
  799
  841
  886
  932
  981
  1,032
  1,085
Total cash flow (excl. dividends), $m
  33
  45
  50
  54
  59
  63
  68
  72
  77
  81
  72
  77
  82
  87
  93
  98
  104
  110
  138
  182
  230
  282
  338
  398
  463
  532
  606
  686
  771
  862
Retained Cash Flow (-), $m
  -305
  -297
  -303
  -306
  -305
  -302
  -295
  -286
  -273
  -258
  -225
  -203
  -177
  -148
  -116
  -79
  -61
  -64
  -68
  -72
  -76
  -80
  -84
  -89
  -93
  -98
  -104
  -109
  -115
  -121
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -273
  -251
  -253
  -251
  -246
  -238
  -228
  -214
  -197
  -176
  -153
  -126
  -95
  -61
  -23
  19
  43
  46
  70
  110
  154
  202
  254
  309
  369
  434
  503
  577
  656
  741
Discount rate, %
  10.70
  11.24
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.60
  17.43
  18.30
  19.22
  20.18
  21.19
  22.24
  23.36
  24.52
  25.75
  27.04
  28.39
  29.81
  31.30
  32.87
  34.51
  36.23
  38.05
  39.95
  41.95
  44.04
PV of cash for distribution, $m
  -246
  -203
  -181
  -157
  -134
  -111
  -89
  -70
  -52
  -38
  -26
  -17
  -10
  -5
  -1
  1
  1
  1
  1
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  64.1
  42.0
  27.6
  18.2
  12.2
  8.2
  5.7
  4.0
  2.8
  2.1
  1.6
  1.3
  1.1
  0.9
  0.8
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7
  0.7

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector. It is also involved in the conventional tanker business. Teekay provides a set of marine services to the oil and gas companies. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.

FINANCIAL RATIOS  of  Teekay (TK)

Valuation Ratios
P/E Ratio -4
Price to Sales 0.2
Price to Book 0.6
Price to Tangible Book
Price to Cash Flow 0.8
Price to Free Cash Flow -17.7
Growth Rates
Sales Growth Rate -4.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -63.9%
Cap. Spend. - 3 Yr. Gr. Rate -3%
Financial Strength
Quick Ratio 1
Current Ratio 0.2
LT Debt to Equity 676.5%
Total Debt to Equity 792.1%
Interest Coverage 1
Management Effectiveness
Return On Assets 1.1%
Ret/ On Assets - 3 Yr. Avg. 2.2%
Return On Total Capital -1.5%
Ret/ On T. Cap. - 3 Yr. Avg. -0.4%
Return On Equity -13.5%
Return On Equity - 3 Yr. Avg. -3.4%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 52.2%
Gross Margin - 3 Yr. Avg. 52.3%
EBITDA Margin 44%
EBITDA Margin - 3 Yr. Avg. 46%
Operating Margin 16.5%
Oper. Margin - 3 Yr. Avg. 21.2%
Pre-Tax Margin 4.8%
Pre-Tax Margin - 3 Yr. Avg. 9.1%
Net Profit Margin -5.3%
Net Profit Margin - 3 Yr. Avg. -1.6%
Effective Tax Rate 21.6%
Eff/ Tax Rate - 3 Yr. Avg. 8.3%
Payout Ratio -13.8%

TK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TK stock intrinsic value calculation we used $1880.332 million for the last fiscal year's total revenue generated by Teekay. The default revenue input number comes from 0001 income statement of Teekay. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TK stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.7%, whose default value for TK is calculated based on our internal credit rating of Teekay, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Teekay.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TK stock the variable cost ratio is equal to 16.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1589 million in the base year in the intrinsic value calculation for TK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Teekay.

Corporate tax rate of 27% is the nominal tax rate for Teekay. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TK are equal to 386.9%.

Life of production assets of 15.2 years is the average useful life of capital assets used in Teekay operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TK is equal to -11.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $777.191 million for Teekay - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 89.127 million for Teekay is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Teekay at the current share price and the inputted number of shares is $0.5 billion.

RELATED COMPANIES Price Int.Val. Rating
TNP Tsakos Energy 3.35 4.32  buy
GLNG Golar LNG 26.12 4.37  str.sell
NAT Nordic America 2.91 1.25  sell

COMPANY NEWS

▶ Teekay: 3Q Earnings Snapshot   [05:07AM  Associated Press]
▶ Cobas Asset Management Comments on Teekay   [Nov-09-18 04:36PM  GuruFocus.com]
▶ Teekay LNG Partners Declares Distribution   [Oct-03-18 04:05PM  GlobeNewswire]
▶ Teekay Corporation Declares Dividend   [04:05PM  GlobeNewswire]
▶ Teekay (TK) in Focus: Stock Moves 6.5% Higher   [Oct-01-18 10:09AM  Zacks]
▶ Teekay LNG Partners Announces Changes to Board of Directors   [Sep-13-18 05:12PM  GlobeNewswire]
▶ American LNG Firms Face a European 'Gas War' With Russia   [Aug-30-18 01:37PM  TheStreet.com]
▶ Teekay Corporation to Host Earnings Call   [Aug-02-18 12:00PM  ACCESSWIRE]
▶ Teekay: 2Q Earnings Snapshot   [05:07AM  Associated Press]
▶ Teekay Corporation Declares Dividend   [Jul-05-18 04:47PM  GlobeNewswire]
▶ Teekay LNG Partners Declares Distribution   [04:07PM  GlobeNewswire]
▶ Teekay LNG Partners Announces CFO Transition   [06:59AM  GlobeNewswire]
▶ Why Teekay Corporation Stock Dropped 16% Today   [May-17-18 12:30PM  Motley Fool]
▶ Teekay: 1Q Earnings Snapshot   [05:04AM  Associated Press]
▶ Teekay LNG Partners Declares Distribution   [Apr-04-18 04:09PM  GlobeNewswire]
▶ Teekay Corporation Declares Dividend   [04:08PM  GlobeNewswire]
▶ Teekay Corporation Announces Changes to Board of Directors   [Mar-14-18 09:17PM  GlobeNewswire]
▶ 3 Biggest Challenges Facing Teekay Corporation   [Feb-28-18 02:34PM  Motley Fool]
▶ Teekay reports 4Q loss   [05:49AM  Associated Press]
▶ Teekay Corporation Announces Proposed Common Stock Offering   [Jan-23-18 04:03PM  GlobeNewswire]
▶ Teekay LNG Partners Declares Distribution   [Jan-04-18 04:01PM  GlobeNewswire]
▶ Teekay Corporation Declares Dividend   [04:01PM  GlobeNewswire]
▶ Better Stock: Textainer (TGH) vs. Teekay (TK)   [Dec-29-17 11:05AM  Motley Fool]
▶ ETFs with exposure to Teekay Corp. : November 15, 2017   [Nov-15-17 12:37PM  Capital Cube]
▶ Why Teekay Corporation Stock Took Off Today   [Nov-09-17 05:58PM  Motley Fool]
▶ Teekay reports 3Q loss   [05:02AM  Associated Press]
▶ ETFs with exposure to Teekay Corp. : October 25, 2017   [Oct-25-17 10:14AM  Capital Cube]
▶ Tinka Announces Listing on the Lima Stock Exchange   [Oct-24-17 08:15AM  CNW Group]
▶ ETFs with exposure to Teekay Corp. : October 10, 2017   [Oct-10-17 11:51AM  Capital Cube]
▶ Teekay LNG Partners Declares Distribution   [Oct-03-17 04:05PM  GlobeNewswire]
▶ Teekay Corporation Declares Dividend   [04:05PM  GlobeNewswire]
▶ ETFs with exposure to Teekay Corp. : September 27, 2017   [Sep-27-17 10:41AM  Capital Cube]
▶ Teekay Corporation Announces Changes to Board of Directors   [Sep-13-17 06:55AM  GlobeNewswire]
▶ ETFs with exposure to Teekay Corp. : August 7, 2017   [Aug-07-17 04:59PM  Capital Cube]
▶ Teekay reports 2Q loss   [Aug-03-17 11:15AM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.