Why should I invest in Teekay Corporation (TK)?

Learn more about why Teekay is a sound investment choice.

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What is Teekay’s business strategy?

We will grow by focusing on three strategic value drivers:

• Portfolio Manager: Allocating capital to businesses and projects that achieve the highest risk-adjusted return on investment for both the Teekay parent and daughters.
• Project Developer: Innovating and commercializing viable new lines of business and consistently delivering major projects on time and on budget.
• Operational Leader: Delivering strong operational and safety performance with a focus on cost efficiency and profitability.

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What are Teekay Corporation’s core businesses?

Learn more about Teekay’s business

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Who are Teekay’s customers?

We have a loyal, diverse customer base that includes global energy majors (Shell, BP, Esso, Chevron, etc.), national oil companies (Statoil, Petrobas, etc.) as well as smaller global and regional players (Marathon Oil, Talisman etc.). Oil transportation is a service industry and we pride ourselves in anticipating and meeting customer needs and maintaining their trust such that we can continue to earn their business.

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What was Teekay’s latest dividend payment?

Learn more about Teekay’s dividend history

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What is its ticker symbol?

Teekay Corporation trades on the New York Stock Exchange under the symbol “TK”.

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What exchange does Teekay Corporation trade on?

Teekay Corporation trades on the New York Stock Exchange under the symbol “TK”.

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Does TK provide a K1 for investors?

Teekay Corporation, Teekay Tankers Ltd. and Teekay Offshore Partners L.P. shareholders/unitholders receive a Form 1099 for tax purposes which is provided by your broker. Please contact your broker directly for all 1099 form inquiries.

Teekay LNG Partners L.P. unitholders receive a Form K1. Please visit Teekay LNG Partners website for details.

Learn more about Teekay’s Tax information

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What is the relationship between Teekay and its daughter companies?

Learn more about Teekay’s corporate structure

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How does Teekay benefit from its corporate structure with its daughter companies?

Learn more about Teekay’s corporate structure

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How do the daughters benefit from their sponsor, Teekay Corporation?

Sponsorship by Teekay Corporation provides its daughters with built-in opportunities for growth, financial strength and the ability to leverage operation expertise.

Each daughter has a unique a focused business strategy. Visit each the daughter’s websites for more information on their investment strategies:

• Why Invest in Teekay Offshore
• Why Invest in Teekay LNG
• Why Invest in Teekay Tankers

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What are the current incentive distribution right (IDR) or ‘split’ levels for the two general partnerships owned by Teekay Corporation?

Teekay Corporation’s general partnership interests in Teekay LNG Partners L.P. and Teekay Offshore Partners L.P. are both currently at the 25% IDR or ‘split’ level based on the current quarterly common unit distributions.

See Teekay LNG Partner L.P.’s distribution history
See Teekay Offshore Partner’s distribution history

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What is a master limited partnership (MLP)?

An MLP is a type of limited partnership that is publicly traded.

There are two types of partners in this type of partnership: the limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.

Teekay has two MLPs:

• Learn more about Teekay Offshore Partners L.P.
• Learn more about Teekay LNG Partners L.P.

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How many vessels make up the Teekay fleet?

For detailed fleet numbers and specifications, visit the Fleet List.

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What classes of conventional tanker does Teekay own and operate?

Teekay primarily owns and operates aframax and suezmax class conventional tankers as well as LR2 and MR product tankers.

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How does Teekay manage its fleet?

Teekay parent will use its capital and expertise to develop and warehouse projects. Over time, we expect to reduce fleet size through dropdowns to daughter companies. Daughters will increasingly own the fixed assets, with Teekay as an owner of daughter shares.

Learn more about Teekay’s corporate structure
Learn more about Teekay’s fleet

Visit the daughter websites for more information about their fleet and fleet management strategies.

• Teekay Offshore Fleet
• Teekay LNG Fleet
• Teekay Tankers Fleet

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What are the offshore market fundamentals?

The world’s search for new sources of oil to satisfy growing energy demand is leading to increased opportunities in the offshore sector, specifically in the North Sea and Brazil. While Teekay Corporation maintains a core competency in FPSO, FSO, shuttle tanker and other marine offshore projects, Teekay Offshore Partners L.P. (NYSE:TOO) is a dedicated daughter entity focused on the marine transportation, production and storage services to the offshore oil industry.

Visit Teekay Off shore’s website for more information on:

• Teekay’s Offshore Market Update
• Teekay’s Role in the Offshore Value Chain
• Shuttle Tanker 101
• Floating Production, Storage and Offloading 101
• Floating Storage and Offtake 101
• Offshore Industry & Market Links

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What are the liquefied natural gas (LNG) market fundamentals?

Both the consumption of natural gas and demand for LNG has been increasing in recent years. Teekay LNG Partners L.P. (NYSE:TGP) is a dedicated Daughter entity to the LNG and LPG shipping sectors.

Visit Teekay LNG’s website for more information on:

• Teekay’s LNG Market Outlook
• Teekay’s Role in the Gas Value Chain
• LNG Industry & Market Links
• LNG Shipping 101

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What are the tanker market fundamentals?

Spot tanker rates are driven by the balance between tanker demand and tanker supply. Teekay Tankers Ltd. (NYSE:TNK) is a dedicated daughter entity to the conventional oil tanker business.

Visit the Teekay Tankers’ website for more information on:

• Current Tanker Rates
• Teekay’s Quarterly Tanker Market Update
• Tanker Market FAQ
• Tanker Industry & Market Links

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