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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Teekay Corporation (Teekay) is a provider of international crude oil and other marine transportation services. provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd., the owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate approximately 60 conventional tankers and other marine assets. It has three primary lines of business: conventional tankers, operational and maintenance marine services, and offshore production (FPSO units). Its subsidiaries include Teekay Tankers, and Teekay and its remaining subsidiaries (Teekay Parent). Teekay Tankers includes all of the Company’s conventional crude oil tankers and product carriers. Teekay Tankers’ conventional crude oil tankers and product tankers primarily operate in the spot tanker market. Teekay Parent owns two FPSO units, in addition to its interests in its subsidiaries. The Company has offices in approximately eight countries.

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