|Bid||1.5400 x 312300|
|Ask||0.0000 x 1800|
|Day's Range||1.5400 - 1.5500|
|52 Week Range||1.0300 - 1.7800|
|Beta (5Y Monthly)||2.43|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 05, 2020 - Feb 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Oct 30, 2018|
|1y Target Est||1.60|
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) today announced that it has notified the New York Stock Exchange (NYSE) of the anticipated closing date of the previously-announced transactions contemplated by that certain Agreement and Plan of Merger, dated September 30, 2019 (the Merger Agreement), by and among the Partnership, Teekay Offshore GP L.L.C. (Partnership GP) and certain affiliates and institutional partners of Brookfield Business Partners L.P. (collectively, the Brookfield Consortium). The Partnership anticipates that the merger will close on January 22, 2020 after the closing of markets.
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]
Highlights GAAP net loss attributable to shareholders of Teekay of $198.2 million, or $1.97 per share (inclusive of $175.8 million of impairment charges), and adjusted net loss.
Revenues of $299.4 million and a net loss of $34.8 million, or $0.10 per common unitAdjusted net income attributable to the partners and preferred unitholders(1) of $4.7 million.
HAMILTON, Bermuda, Nov. 05, 2019 -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared.
HAMILTON, Bermuda, Nov. 04, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) plan to release their financial results for the Third Quarter of 2019 before.
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HAMILTON, Bermuda, Oct. 10, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) will present at DNB’s Nordic High-Yield Bond Conference on.
NEW YORK, Oct. 08, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Teekay Offshore Partners L.P..
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) today announced that it has entered into an agreement and plan of merger (the Merger Agreement) with Brookfield Business Partners L.P., and certain of its affiliates and institutional partners (collectively, the Brookfield Consortium). Pursuant to the Merger Agreement, the Brookfield Consortium will acquire by merger all of the outstanding publicly held common units representing limited partner interests of the Partnership (common units) not already held by the Brookfield Consortium (unaffiliated unitholders) in exchange for $1.55 in cash per common unit (the cash consideration).
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Teekay Offshore Partners L.P. Toronto, September 16, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Teekay Offshore Partners L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
It's official – DryShips (NASDAQ: DRYS) has agreed to go private, heralding the end of a sometimes-controversial 14-year stretch as one of ocean shipping's highest-profile listed entities. The broader industry question in the wake of privatization plans of DryShips and Teekay Offshore (NYSE: TOO) is whether slumping stock prices will prompt more public players to throw in the towel. DryShips announced on August 19 that it had approved a definitive offer from founder George Economou to buy the remaining shares of DryShips he doesn't already own for $5.25 per share.
Revenues of $319.8 million and net loss of $28.0 million, or ($0.09) per common unitAdjusted net income attributable to the partners and preferred unitholders(1) of $4.7 million.
HAMILTON, Bermuda, July 24, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) plan to release their financial results for the Second Quarter of 2019 before.
HAMILTON, Bermuda, July 08, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today the following change to the Board of Directors.
NEW YORK, June 25, 2019 /PRNewswire/ -- On June 21, 2019, Teekay Offshore (TOO) announced an updated valuation figure for the Company's consolidated assets of $5.3 billion across 60 vessels or approximately $2.80 per unit, net of all obligations. JDP Managing Partner Jeremy Deal commented: "While there are many ways to value a business, one of the easiest is to simply look at the net book asset value. In a leasing business with a large moat such as TOO's, over time, management should be able to achieve a premium over net book asset value.
In October 2018, certain subsidiaries of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) entered into an agreement with Alpha Petroleum Resources Limited (Alpha Petroleum) to use Teekay Offshore’s Petrojarl Varg floating production, storage and offloading (FPSO) unit to operate on the Cheviot oil field on the UK continental shelf. The FPSO contract was for a seven-year fixed term from first oil, which was targeted for the second quarter of 2021, after a life extension and upgrade phase for the Petrojarl Varg taking place at Sembcorp Marine’s shipyard in Singapore.
NEW YORK , June 19, 2019 /PRNewswire/ -- JDP has released a presentation on its website titled "The Numbers Don't Lie: Interpreting the Brookfield Offer for Teekay Offshore." JDP Managing Partner ...
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) announced today that the Conflicts Committee (the Conflicts Committee) of the Board of Directors of Teekay Offshore GP LLC has formally appointed Potter Anderson & Corroon LLP and Evercore Group L.L.C. as their independent legal counsel and financial advisor respectively. Teekay Offshore’s Conflicts Committee mandated to consider the Proposed Transaction, consists entirely of non-Brookfield affiliated Teekay Offshore directors.