TK Forecast


Bullish Case: TK's strong balance sheet and recent significant upward trend suggest potential. Demand for tanker services increases amidst rising geopolitical tensions, potentially boosting returns.


Bearish Case: Historical price behavior shows significant volatility and mean-reverting tendencies, posing risks. Potential downturns in global shipping rates and oil demand pressure the financial outlook.


Potential Outcomes:

1. Continued high tanker rates (60% chance), drives 15% upside.

2. Decline in oil demand (25% chance), leading to 10% downside.

3. Increased geopolitical tensions (15% chance), could spike prices by 30%.


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May 03, 2024


Teekay Forecast

TK        Teekay
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with TK



TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (0.94)


ASC Forecast + Options Trading Strategies   ASC  Ardmore Shipping (0.89)


MBIN Forecast + Options Trading Strategies   MBIN  Merchants Bancorp (0.87)


VRTX Forecast + Options Trading Strategies   VRTX  Vertex Pharmaceuticals (0.87)


UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to TK



LXRX Forecast + Options Trading Strategies   LXRX  Lexicon Pharmaceuticals (-0.0)


SO Forecast + Options Trading Strategies   SO  Southern (0.0)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.01)


AEP Forecast + Options Trading Strategies   AEP  American Electric Power (-0.01)


BERY Forecast + Options Trading Strategies   BERY  Berry (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TK



LIT Forecast + Options Trading Strategies   LIT  Global X Lithium & Battery Tech (-0.82)


ARRY Forecast + Options Trading Strategies   ARRY  Array (-0.83)


BB Forecast + Options Trading Strategies   BB  BlackBerry (-0.84)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (-0.85)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (-0.87)





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