Teekay Shipping

On reflection I think I would buy a split over Nordic and Teekay, i.e. invest equally in both. They both pay good dividends and they are both great companies. The reason for my idea of diversification in shipping is that Teekay unlike Nordic is a heavy player in the liquefied natural gas market LNG and Nordic has no ships in that area. Now the Economist Intelligence Unit recently put out a report that shows that LNG is one of the great growth industries, and Australia is planning to increase output over the next 20 years to serve China and Asia. Teekay is an efficient operator. The shares are not such a bargain as Nordic but I think the LNG operation gives them a future edge. See below compared to Frontline, Nordic and the DOW.