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Eton Park Buys 6.51% In Teekay Corporation (NYSE:TK)

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Eton Park Buys 6.51% In Teekay Corporation (NYSE:TK)

 

Eton Park Capital has disclosed a 6.51% stake in the Teekay Corporation (NYSE:TK). The news was disclosed by the hedge fund in a 13G filing made with the SEC last week. Investment in the company will likely be helped by the increase in oil prices and the hope that natural gas export may spur new markets for the company's services.

With the price of Natural Gas in the United States at such a low level many experts are expecting a move to export the energy source to Asia and Europe where prices are...

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