13G Filing: Huber Capital Management and Teekay Tankers Ltd (TNK)

Preliminary Statement:

This
Schedule 13G is filed by Huber Capital Management, LLC (“HCM”) (“Huber” or the “Filer”) and
amends, supplements and replaces in its entirety the Schedule 13D filed on June 20, 2017, and as subsequently amended by the Filer
(the “Schedule 13D”), relating to shares of common stock of Teekay Tankers Ltd. (the “Issuer”). The Schedule
13D had superseded a Schedule 13G previously filed by the Filer on February 12, 2015, as subsequently amended.

The
Filer has determined that it no longer holds any shares of Class A common stock of the Issuer (“Common Stock”) with
any purpose, or with the effect of, changing or influencing control of the Issuer or in connection with or as a participant in
any transaction having that purpose or effect. In accordance with Rule 13d-1(h), the Filer accordingly determined to again report
its beneficial ownership of shares of Common Stock of the Issuer on Schedule 13G.

Item 1.

(a)

Name of Issuer: Teekay Tankers Ltd.

(b)

Address of Issuer’s Principal Executive Offices: 4th Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08 Bermuda.

Item 2.

(a)

Name of Person Filing: Huber Capital Management, LLC, a Delaware limited liability company (“HCM”).

(b)

Address of Person Filing: 2321 Rosecrans Avenue, Suite 3245, El Segundo, CA 90245

(c)

Citizenship: Delaware

(d)

Title of Class of Securities: Class A Common Stock

(e)

CUSIP No.: Y8565N102