Teekay Tankers: A 20% FCF Yield Should Reward Investors, Even With Fleet Renewal

Core Viewpoint - Teekay Tankers Ltd. (TNK) has high operational leverage and offers a free cash flow (FCF) yield exceeding 20% at current rates, indicating strong financial performance potential [1] Financial Performance - The company is experiencing limited distributions, but increasing vessel values are expected to support stock price growth [1] Investment Strategy - The analysis reflects a focus on cyclical industries, which are believed to provide significant returns during economic recovery and growth phases [1]