TOO - Teekay Offshore Partners L.P.

NYSE - NYSE Delayed Price. Currency in USD
1.2500
-0.0500 (-3.85%)
At close: 4:02PM EDT
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Previous Close1.3000
Open1.2900
Bid0.0000 x 800
Ask1.3500 x 900
Day's Range1.2500 - 1.2900
52 Week Range1.0300 - 2.6300
Volume61,543
Avg. Volume528,179
Market Cap513M
Beta (3Y Monthly)1.28
PE Ratio (TTM)N/A
EPS (TTM)-0.4250
Earnings DateJul 31, 2019 - Aug 5, 2019
Forward Dividend & Yield0.04 (3.05%)
Ex-Dividend Date2018-11-01
1y Target Est1.60
Trade prices are not sourced from all markets
  • GlobeNewswire10 days ago

    Teekay Offshore Partners Announces Changes to Board of Directors

    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.

  • PR Newswire23 days ago

    JDP Responds To Teekay Offshore's Updated Company Asset Valuation Of $5.3 Billion

    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.

  • GlobeNewswire27 days ago

    Teekay Offshore Partners Announces Termination of Cheviot Field Opportunity and Availability Of Petrojarl Varg FPSO

    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.

  • PR Newswire29 days ago

    JDP Capital Management responds to Teekay Offshore Partner's (NYSE: TOO) appointment of advisors to manage Brookfield's take-under offer

    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 ...

  • GlobeNewswire2 months ago

    The Conflicts Committee of Teekay Offshore Partners Appoints Advisors to Consider Recent Brookfield Offer

    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.

  • PR Newswire2 months ago

    JDP Capital Management finds significant support from other unit holders of Teekay Offshore (NYSE: TOO) to oppose Brookfield Business Partner's (NYSE: BBU) take-under offer

    NEW YORK , May 24, 2019 /PRNewswire/ -- On May 17, 2019 , Brookfield Business Partners (NYSE: BBU) published a letter requesting that the board of Teekay Offshore Partners LP (NYSE: TOO) evaluate an offer ...

  • GlobeNewswire2 months ago

    Teekay Offshore Partners Secures $450 Million Shuttle Tanker Fleet Refinancing

    HAMILTON, Bermuda, May 23, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that in accordance with previously noted.

  • GlobeNewswire2 months ago

    Teekay Corporation Reports First Quarter 2019 Results

    Highlights GAAP net loss attributable to shareholders of Teekay of $84.3 million, or $0.84 per share, and adjusted net loss attributable to shareholders of Teekay(1) of $13.0.

  • GlobeNewswire2 months ago

    Teekay Offshore Partners Receives Offer From Brookfield  

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) announced today that it has received an unsolicited non-binding proposal from Brookfield Business Partners L.P. and certain of its affiliates and institutional partners (collectively, the Brookfield Consortium) for the attention of the Conflicts Committee (the Conflicts Committee) of the Board of Directors of Teekay Offshore GP LLC, pursuant to which the Brookfield Consortium would acquire all of the issued and outstanding publicly held common units representing limited partnership interests of the Partnership that the Brookfield Consortium does not already own in exchange for $1.05 in cash per common unit. Teekay Offshore’s Conflicts Committee or a separate Special Committee appointed for these purposes, in each case consisting only of non-Brookfield affiliated Teekay Offshore Directors, will retain advisors and evaluate the proposed offer on behalf of the owners of the non-Brookfield owned limited partnership interests.

  • Here’s What Hedge Funds Think About Teekay Offshore Partners L.P. (TOO)
    Insider Monkey2 months ago

    Here’s What Hedge Funds Think About Teekay Offshore Partners L.P. (TOO)

    A market correction in the fourth quarter, spurred by a number of global macroeconomic concerns and rising interest rates ended up having a negative impact on the markets and many hedge funds as a result. The stocks of smaller companies were especially hard hit during this time as investors fled to investments seen as being […]

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of TOO earnings conference call or presentation 30-Apr-19 4:00pm GMT

    Q1 2019 Teekay Offshore Partners LP Earnings Call

  • Moody's2 months ago

    Teekay Offshore Partners L.P. -- Moody's says Teekay's ratings unaffected following announced plan to sell remaining TOO equity ownership

    Moody's Investors Service ("Moody's") said that Teekay Corporation's (Teekay or Parent, B3 stable) plan to sell its remaining minority interests in Teekay Offshore Partners L.P. (TOO, B3 stable), one of its two master limited partnership (MLP) subsidiaries, for $100 million to Brookfield Business Partners LP is credit positive. Despite this credit profile enhancement, Teekay's ratings remain unchanged at this time, including the B2 rating on the new secured bond and B3 Corporate Family Rating.

  • GlobeNewswire3 months ago

    Teekay Corporation Announces Pricing of $250 Million Private Offering of Senior Secured Notes

    Teekay Corporation (Teekay or the Company) (TK) announced today the pricing at par of $250 million in aggregate principal amount of 9.25% senior secured notes due November 2022 (the Notes).  The Company decided to reduce the offering amount from $300 million as a result of its previously announced agreement to sell the Company’s remaining interests in Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE: TOO) to Brookfield Business Partners L.P. (BBU)(BBU-UN.TO), together with its institutional partners (collectively Brookfield), for $100 million in cash. The Notes are being offered to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the Securities Act).

  • GlobeNewswire3 months ago

    Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing

    HAMILTON, Bermuda, May 01, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has secured a new $100 million.

  • GlobeNewswire3 months ago

    Teekay Offshore Partners Reports First Quarter 2019 Results

    Revenues of $336.6 million and net loss of $2.6 million, or ($0.03) per common unitAdjusted net income attributable to the partners and preferred unitholders(1) of $29.5.

  • GlobeNewswire3 months ago

    Teekay Corporation Agrees to Sell Remaining Interests in Teekay Offshore to Brookfield for $100 Million

    Teekay Corporation (Teekay or the Company) (TK) announced today an agreement to sell to Brookfield Business Partners L.P. (BBU)(BBU-UN.TO), together with its institutional partners (collectively Brookfield), all of the Company’s remaining interests in Teekay Offshore Partners L.P. (Teekay Offshore) (TOO), which includes the Company’s 49% general partner interest, common units, warrants, and an outstanding $25 million loan from the Company to Teekay Offshore, for total proceeds of $100 million in cash.

  • GlobeNewswire3 months ago

    Teekay Group Announces First Quarter 2019 Earnings Results Conference Calls

    HAMILTON, Bermuda, April 25, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) plans to release its financial results for the first quarter of 2019 before.

  • Moody's3 months ago

    Teekay Corporation -- Moody's assigns B2 rating to Teekay's new senior secured notes, affirms B3 CFR; outlook stable

    Moody's Investors Service, ("Moody's") assigned a B2 rating to Teekay Corporation's ("Teekay" or "Parent") proposed senior secured notes due in 2024. Concurrently, Moody's affirmed Teekay's B3 Corporate Family Rating ("CFR") and SGL-3 Speculative Grade Liquidity rating, denoting adequate liquidity.

  • GlobeNewswire3 months ago

    Teekay Corporation Announces Tender Offer for Its 8.5% Senior Unsecured Notes Due 2020

    Teekay Corporation (Teekay or the Company) (TK) announced today that it has commenced a cash tender offer (the Offer) to purchase any and all of its outstanding 8.5% Senior Unsecured Notes due 2020 (the Notes), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of April 24, 2019 (the Offer to Purchase) and the related letter of transmittal and consent. Concurrently with the Offer, the Company is soliciting (the Solicitation) from the holders of the Notes a consent (the Consent) to certain proposed amendments (the Proposed Amendments) to the indenture governing the Notes described below.

  • GlobeNewswire3 months ago

    Teekay Corporation Announces Proposed $300 Million Private Offering of Senior Secured Notes; and Eliminates Dividend

    Teekay Corporation (Teekay or the Company) (TK) announced today that, subject to market conditions, it intends to offer $300 million in aggregate principal amount of senior secured notes due 2024 (the Notes) in a private placement to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the Securities Act). It is expected that the Notes will be guaranteed on a senior secured basis by certain of Teekay’s subsidiaries and initially be secured by first-priority liens on two of Teekay’s floating production, storage and offloading (FPSO) units, a pledge of the equity interests of the Teekay subsidiary that owns all of Teekay’s common units of Teekay LNG Partners L.P. and Teekay Offshore Partners L.P. and all of Teekay’s Class A common shares of Teekay Tankers Ltd., and a pledge of the equity interests in the Teekay subsidiaries that own two of its FPSO units.

  • GlobeNewswire3 months ago

    Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units

    HAMILTON, Bermuda, April 24, 2019 -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared.

  • GlobeNewswire3 months ago

    Teekay Offshore Partners Secures New $414 Million Debt Facility for Four Shuttle Tanker Newbuilds

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) announced today that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker newbuildings.  Upon delivery in 2019 and 2020, two of the vessels will commence operations under the Partnership’s Master Agreement with Equinor, while the remaining two vessels will join the Partnership’s contract of affreightment (CoA) shuttle tanker portfolio in the North Sea. “We are grateful for the continued strong support we receive from our growing bank group, as represented by our new $414 million debt facility,” commented Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd.

  • GlobeNewswire4 months ago

    Teekay Corporation Announces Availability of Its Annual Report on Form 20-F

    HAMILTON, Bermuda, April 01, 2019 -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announced today that its Annual Report on Form 20-F for the fiscal year ended December.

  • Teekay Corp (TK) Q4 2018 Earnings Conference Call Transcript
    Motley Fool5 months ago

    Teekay Corp (TK) Q4 2018 Earnings Conference Call Transcript

    TK earnings call for the period ending December 31, 2018.