In a recent article, Bloomberg reports that Teekay Corporation is poised for growth after three years of losses. As stated in the article, data from eight analysts predict Teekay shares will rise 23% (to $35.13) in the next 12 months.

“The most important thing is that the developing world continues to develop and need much more energy. We’re a play on the build-out of the world’s energy infrastructure,” says Teekay Corporation Chief Executive Office Peter Evensen.  

The article notes Russia’s increased oil exports by sea (highest since 2008) will help boost charter rates. Shipments from the new port of Ust Luga on the Baltic Sea and Kozmino on the Sea of Japan will rise as much as 33% to about 290 million barrels in 2013.

The article also reports that LNG tanker rates are expected to jump 42% and oil producers will drill 20% more offshore wells this year. Both market outlooks support Teekay’s $3 billion investments in LNG and offshore in 2011. Today, Teekay's diversified marine energy business model includes $11 billion in assets across LNG, offshore and tankers.

For a detailed analysis, read the complete article: http://bit.ly/BloomTK.