Expect Teekay Tankers Fourth Quarter TCE Revenue To Skyrocket
The Teekay Group (TK) gave their 3Q presentation on November 14, 2019. They included Teekay Tankers (TNK) performance through this date along with Q3 data. We’ll use Q3 as our starting point for comparison purposes. The data was reported as TCE or (Time charter equivalent). First, what is TCE? “Time charter equivalent (TCE) is a…
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