Has anybody heard about Brookfield buying TNK also, other than TOO? Are they looking to takeover Teekay as a whole?
Analysts Ratings The average analysts rating this morning is a hold with a $3 target, my personal translation of that is for now let the big boys load up at these prices and then we'll move the average ratings up as well as the target price. The four new board members afforded the new partner along with the remaining board members aren't about to sit around drinking coffee and shooting bull, watch the turn around start to unfold. These people didn't buy in just to keep the status quo. New sheriff in town and things are going to start changing a little faster than normal. But remember, just stating my own opinion.
TOO now trading lower than it was before the Brookfield deal was announced. Hoping we get a lift from the near term outlook in the quarterly CC.
Breath of Fresh Air with the Savvy Investors On Board With the business arrangement, the dividend reduction with cash being reinvested in the business,the debt issue put to rest and the nervous Nellys who gave their shares over to the savvy investors today......... I don't think it can be very long before these shares hit the $5 range. Those who bought in under $2.50 before and those today who bought in under $3 are going to be handsomely rewarded! Nice to see! Good Luck to all longs!
As a condition of Brookfield's equity investment, Teekay Offshore has agreed to reduce its existing common unit distribution to reinvest cash in the business and further strengthen the Partnership's balance sheet. For the quarter ended June 30, 2017, TOO GP has declared a cash distribution of $0.01 per common unit
good news for preferreds !
TOO may be a compelling opportunity. if you guys have questions you should ask awe*some*stocks. They often respond to my emails which is helpful.
Does anyone know why there has been no announcement about the distribution? I am not surprised that it is being suspended in light of the pending debt problem but I am surprised there has been no official announcement. There must be a logical explanation why the company refuses to issue a press release but I can't guess what is that reason.
Crude popping over the 47 mark
When management does not announce a dividend near the date it traditionally has done so, it usually means a cut. I have seen this countless times. Management thinks silence is golden, but I see it as cowardice.
MicroCap Alert to TOO shareholders. Why Clean Energy Technologies (CETY) shares moved up recently and why they are about to rise sharply again. CETY purchased their Heat Recovery Systems from General Electric. Each system sells for about $300,000. Demand for CETY HRS is very strong. CETY just expanded Europe sales and service office in high demand market CETY immediately announced first new sale in Europe CETY presenting to 26 Power Companies in the Pacific on July 31st to August 4th – These 26 power companies need CETY HRS to produce power cheaper and make more profits.
Expect substantial sales orders to flow soon after conference CETY 1017 target: $.15 to $.20
Clean Energy Technologies, Inc. Delivering Low Cost, Emission Free Power with its Heat Recovery Solutions Clean Cycle™ Generator acquired from General Electric International, Inc.
COSTA MESA, Calif., March 1, 2016 /PRNewswire/ -- Clean Energy Technologies, Inc. (OTC: CETY), recently...
I wrote to IR yesterday asking for a status update on the distribution. So far they have not responded. Why are they not disclosing what seems certain that they are not declaring a distribution (presumably on the preferred as well as the common)?
I believe that it is pretty standard not to announce a dividend elimination before releasing earnings. They will want to provide color when they make the announcement. Also, they are trying to obtain financing possibly including debt preferred and equity, so why make an announcement that is sure to make your equity and preferred values fall, before necessary?
Unfortunately, I own the preferred stock. I hereby call this stock, 'The Bermuda Triangle:' If your waiting for the stock to rise so you can get out, good luck, you're stuck, drifting like a capsized boat, soon to sink.
In the short-term TOO does not seem to be like a good trade. Yo you should really check out AWE-some.Stock-s, they seem on point with their stocks.