|Bid||0.0000 x 46000|
|Ask||1.5500 x 36200|
|Day's Range||1.5300 - 1.5400|
|52 Week Range||1.0300 - 2.2000|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.04 (2.61%)|
|1y Target Est||1.60|
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..
Shares of Teekay Offshore Partners L.P. rocketed 32% on heavy volume in morning trading Monday, enough to pace the NYSE gainers, after the provider of midstream services to the offshore oil production industry agreed to be acquired by Brookfield Business Partners L.P. Trading volume topped 17 million shares, compared with the full-day average of about 147,000 shares. Under terms of the deal, Brookfield will pay $1.55 in cash for Teekay shares it didn't already own, which represents a 34% premium to Monday's closing price of $1.16. The deal is expected to close during the fourth quarter of 2019. Teekay's stock has now rallied 26.5% year to date, while the S&P 500 has gained 18.4%.
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 25, 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, 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.
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 ...
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.
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.
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.
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 […]
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.
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).