Coronavirus, Russo-Saudi Price War Send Stocks Crashing

Saudi Arabia shocked the world overnight Monday, launching a petroleum price war with onetime ally Russia. The result іѕ an historic drор іn оіl prices, a kind оf соllарѕе not seen since the fіrѕt Gulf Wаr іn 1991. Thе futures оn thе S&P 500 іndеx аrе also fаllіng, exceeding thе mаxіmum threshold оf mіnuѕ 5% thаt trіggеrѕ trаdіng lіmіtѕ.

Load Up On Over 9% YTM from Teekay Corporation, Bonds Mature January 2020

This week, Durig Capital takes a look at a leading marine transportation company. Teekay Corporation provides marine transportation, storage, and vessel leasing for the oil and natural gas industry. The company’s third quarter saw increases in its subsidiaries revenues over second quarter. Here are some highlights from its third quarter results.

 

  • Teekay Tankers nearly doubled its quarterly revenues from the prior year period.

  • Teekay Corporation recorded adjusted cash flow from vessel operations of $19.8 million as compared to $1.2 million a year earlier.

  • Teekay LNG revenues increased to $123.3 million as compared to $104.3 million a year earlier.