Posts for Ticker ‘TK’

One Teekay Raising Cash For The Other Teekay (TNK, TK)

money-stack-imageTeekay Tankers Ltd. (NYSE: TNK) now plans to sell 7,000,000 shares of common stock in a public secondary offering.  This is a bit of an unusual offering as the company expects to use the funds to acquire a 2003-built Suezmax tanker (the Ashkini Spirit) from Teekay Corporation (NYSE: TK) for $57 million and it plans to repay a portion of its outstanding debt under its revolving credit facility.
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Posted on: June 18, 2009 – 3:33 pm in Oil & Gas, Secondary Offering, Transports, ,

Top 10 Analyst Calls (CMG, FTO, GS, NTAP, OSG, SBUX, SYY, TK, WRI, YUM)

These are the top 10 analyst calls we have seen early this Wednesday morning from Wall Street:

Chipotle Mexican Grill (CMG) Raised to Outperform at William Blair.
Frontier Oil (FTO) Cut to Hold at Deutsche Bank.
Goldman Sachs (GS) Cut to Neutral at JPMorgan.
Network Appliance (NTAP) Raised to Buy at Merriman Curhan Ford.
Overseas Shuipholding (OSG) Cut to Neutral at JPMorgan.
Starbucks (SBUX) Cut to Sell at Deutsche Bank.
Sysco (SYY) Cut to Neutral at JPMorgan.
Teekay (TK) Cut to Neutral at JPMorgan.
Weingarten Realty (WRI) Raised to Market Perform at Wachovia.
YUM Brands (YUM) Raised to Overweight at JPMorgan.
JON C. OGG

Posted on: April 15, 2009 – 6:58 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club 8/7/2008 (NWS)(ANF)(CIEN)

Sad_clownGeo Group (GEO) Drops full-year outlook. Down to $18.47 from 52-week high of $32.93.

Teekay (TK) Market unhappy with quarterly results. Falls to $33.13 from 52-week high of $62.61.

Abercrombie & Fitch (ANF) Bad same-store sales. Sells off to $49.29 from 52-week high of $85.77.

News Corp (NWS) Fear that advertising sales will keep falling. Down to $13.93 from $24.95.

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Posted on: August 7, 2008 – 2:34 pm in HI/LOW, , , , ,

Teekay LNG Partners Slides on Offering (TGP, TK)

Teekay LNG Partners (NYSE: TGP) priced its follow-on offering of 5million common shares at $28.75 each. The $143 million offering will be used torepay outstanding balances on a revolving credit facility that funded vesselacquisitions.

The marine transportation company for the energy industry saidthat Teekay Corporation (NYSE: TK), the prior parent company, agreed to buy 1.7 million commonshares at these terms. Underwriters for the transaction are listed as Citi, Wachovia UBSInvestment Bank, Raymond James & Associates, Inc., Deutsche BankSecurities and Dahlman Rose & Company. They are granted a 30-day option to purchase up to 750,000 for over-allotments.

The transaction isexpected to close April 23. Shares of Teekay LNG are down less than 1% inmid-day trading to $28.52. The 52-week range is $27.08 to $40.26.

You can join our open email distribution list to hear about other secondary offerings, IPO’s, back door plays into IPO’s, spin-offs. break-ups, and other special situations we frequently preview.

Rachel Lopez
April 18, 2008
 

Posted on: April 18, 2008 – 12:30 pm in Oil & Gas, Secondary Offering, Transports, ,

Top 10 Pre-Market Analyst Calls (MO, AMZN, GS, IP, NCC, NOVL, RMG, SAP, URI, GMR, OSG, TK)

Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning:

  • Altria Group (NYSE: MO) Started as Buy at UBS.
  • Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord Adams.
  • Goldman Sachs (NYSE: GS) raised to Outperform at Wachovia.
  • International Paper (NYSE: IP) downgraded to Neutral at JP Morgan.
  • National City (NYSE: NCC) raised to Market Perform at KBW.
  • Novell (NASDAQ: NOVL) started as Buy at Broadpoint Capital.
  • RiskMetrics (NYSE: RMG) raised to Buy at Banc of America.
  • SAP AG (NYSE: SAP) raised to Outperform at Bernstein.
  • United Rentals (NYSE: URI) downgraded to Underweight at JP Morgan.

Citigroup raised overseas ship tankers to Buy from Hold: General Maritime (NYSE: GMR), Overseas Shipholding (NYSE: OSG), and Teekay Shipping (NYSE: TK).

Jon C. Ogg
March 18, 2008

Posted on: March 18, 2008 – 6:24 am in Analyst Calls, , , , , , , , , , , ,

Pre-Market Analyst calls (July 18, 2007)

ACI cut to Hold at Citigroup.
AKAM started as Outperform at FBR.
BAGL started as Outperform at Piper Jaffray.
BTU cut to Hold at Citigroup.
CPB raised to Outperform at Bernstein.
DAC started as Outperform at Credit Suisse.
DSX started as Outperform at Credit Suisse.
DVA cut to Hold at Deutsche Bank.
FBCM started as Buy at Jefferies.
FCL cut to Hold at Citigroup.
IMB cut to Equal Weight at Lehman.
INTC cut to Mkt Perform at JMP Securities.
KEYS cut to Hold at BB&T.
KEYS cut to Mkt Perform at Morgan Keegan.
KND cut to Underperform at Wachovia.
LDK started as Outperform at CIBC.
LLNW started as Hold at Jefferies.
LLNW started as Mkt Perform at Piper jaffray.
MBRX cut to Hold at Jefferies.
OSG started as Outperform at Credit Suisse.
PX started as Outperform at CIBC.
QMAR started as Outperform at Credit Suisse.
RE cut to Peer Perform at Bear Stearns.
RSG cut to Mkt Perform at FBR.
SNDK raised to Overweight at JPMorgan.
SNY raised to Overweight at HSBC.
SSW started as neutral at Credit Suisse.
TK started as neutral at Credit Suisse.
TNP started as Outperform at Credit Suisse.
TOT cut to Neutral at JP Morgan.
WLL raised to Buy at KeyBanc/McDonald.

Jon C. Ogg
July 18, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 18, 2007 – 6:47 am in Analyst Calls, , , , , , , , , , , , , , , , , ,