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 much higher. The US may maintain a competitive advantage in the area for some time and Teekay, which already has some NatGas transport infrastructure, could take advatage of the new market.

Teekay Corporation (NYSE:TK) is a logistics company in the energy sector. The company offers transport and storage services to companies in the energy sector, particularly in crude oil operations.

The company maintains a large fleet of more than one hundred and fifty ships that transports oil and gas world wide. The company has seen a good 2012 so far in terms of revenues. The company reported its earnings for the fourth quarter of 2012 on February 23rd showing revenues of $461.8 million beating estimates and the company put up a loss per share of $0.58 which though disappointing was better than the $0.61 that analysts had been forecasting. The company is set to have a solid 2012 and as long as oil stays where it is the company should continue to perform well.

Eton Park Capital Management is a hedge fund that was set up by former Goldman Sachs Executive Eric Mindich. The fund has a diverse portfolio investing in both private and public markets with several stakes in companies in emerging markets.

The firm faced huge challenges in 2011 which was the worst year for hedge funds since data started to be recorded. Eton Park fell by 11% last year. In January of 2012 the fund was reportedly worth around $12 billion.

The fund holds stock in Bank of America, due to announce its earnings for the first quarter this week, as well as Citigroup which announces tomorrow before markets open. Mindich will be hoping his bet on a recovery in the Banking sector will be reflected in those earnings coming from the first quarter and into the future. Both JPMorgan and Wells Fargo announced better than expected results last week though other weaknesses in their reports caused their stock to fall.