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Teekay Offshore Partners LP $ 1.53 0 (0%)

Volume:
851,364
Avg Vol (1m):
888,147
Market Cap $:
628.37 Mil
Enterprise Value $:
3.54 Bil
P/E (TTM):
0.00
P/B:
0.46
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TOO News and Headlines - Teekay Offshore Partners LP

GuruFocus Articles Total 70
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HAMILTON, Bermuda, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (:TOO) will present at DNB’s Nordic High-Yield Bond Conference on October 10 2019. Please find a copy of the presentation that Teekay Offshore’s CFO Jan Rune Steinsland will present in the link below.

https://teekayoffshore.com/investors/financials-presentations/

About Teekay Offshore

Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, primarily focused on the ownership and operation of critical

0 Views    Marketwired    2019-10-10 08:00

NEW YORK, Oct. 08, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Teekay Offshore Partners L.P. (“Teekay” or the “Company”) (: TOO) stock prior to October 1, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Teekay to Brookfield Business Partners L.P. and certain of its affiliates and institutional partners (collectively, “Brookfield Consortium”). Under the terms of the deal, the Brookfield Consortium will acquire by merger

0 Views    Marketwired    2019-10-08 20:00

HAMILTON, Bermuda, Oct. 01, 2019 (GLOBE NEWSWIRE) -- 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

0 Views    Marketwired    2019-10-01 12:00

HAMILTON, Bermuda, July 25, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (:TOO), has declared the following distributions:

Units TOO
0 Views    Marketwired    2019-07-26 00:04

HAMILTON, Bermuda, July 24, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore) (:TOO) plan to release their financial results for the Second Quarter of 2019 before market open on Wednesday, July 31, 2019.

All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:

  • By dialing:
DateTime (ET)Telephone Number
(North America)
TOO
0 Views    Marketwired    2019-07-25 00:01

HAMILTON, Bermuda, July 08, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (:TOO) announced today the following change to the Board of Directors of Teekay Offshore GP LLC (TOO GP), the general partner of the Partnership:

  • Brookfield Business Partners L.P. (Brookfield Business Partners) (:BBU) (TSX:BBU.UN), together with its institutional partners (collectively Brookfield), appointed Gregory Morrison as a member of the TOO GP Board of Directors, replacing Walter Weathers, who was appointed by Brookfield in September 2017. 

“On behalf of our board

0 Views    Marketwired    2019-07-09 00:00

PR Newswire

NEW YORK, June 25, 2019 /PRNewswire/ -- On June 21, 2019, Teekay Offshore (NYSE: 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

0 Views    PRNewswire    2019-06-25 20:01

HAMILTON, Bermuda,, June 21, 2019 (GLOBE NEWSWIRE) -- 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

0 Views    Marketwired    2019-06-22 00:00

PR Newswire

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 Jeremy Deal commented: "Our presentation makes a compelling case that even a conservative valuation of Teekay Offshore would put the value well above $4 per share based on contracted cash flows with oil majors, a strong balance sheet, and a sector

0 Views    PRNewswire    2019-06-19 20:00

HAMILTON, Bermuda, May 30, 2019 (GLOBE NEWSWIRE) -- 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.

These appointed advisors will support the Conflicts Committee in its evaluation of the previously received unsolicited non-binding proposal from Brookfield Business Partners L.P. and certain of its

0 Views    Marketwired    2019-05-31 00:01

PR Newswire

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 to acquire the remaining publicly traded units of TOO for $1.05 per unit, an all-time low. Teekay Offshore is 73% owned by Brookfield Business Partners.

JDP is an investor in Teekay Offshore and has gathered endorsements from

0 Views    PRNewswire    2019-05-24 12:00

HAMILTON, Bermuda, May 23, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that in accordance with previously noted financing plans, it has secured a new $450 million revolving credit facility for sixteen shuttle tankers. The facility will be used to refinance the existing revolving credit facility dated September 8, 2017, currently fully drawn with outstanding amount of $445 million, and for general corporate purposes. The facility is funded by commercial banks and bears interest at LIBOR + 250 basis points with

0 Views    GlobeNewswire    2019-05-24 04:00

HAMILTON, Bermuda, May 23, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (:TOO) announced today that in accordance with previously noted financing plans, it has secured a new $450 million revolving credit facility for sixteen shuttle tankers. The facility will be used to refinance the existing revolving credit facility dated September 8, 2017, currently fully drawn with outstanding amount of $445 million, and for general corporate purposes. The facility is funded by commercial banks and bears interest at LIBOR + 250

0 Views    Marketwired    2019-05-24 00:00

HAMILTON, Bermuda, May 20, 2019 (GLOBE NEWSWIRE) -- 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

0 Views    Marketwired    2019-05-20 12:00

HAMILTON, Bermuda, May 02, 2019 (GLOBE NEWSWIRE) -- 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) (: TOO) to Brookfield Business Partners L.P. (: BBU)(TSX: BBU.UN), together with its institutional partners (collectively Brookfield), for $100 million in cash. The

0 Views    Marketwired    2019-05-02 20:00

HAMILTON, Bermuda, May 01, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (:TOO) announced today that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units. The previous credit facility matured at the same time with a balloon payment of $35 million. The new facility is funded by commercial banks and bears interest at LIBOR + 300 basis points with a three-year tenor and a profile of 5.5 years.

0 Views    Marketwired    2019-05-02 00:02

HAMILTON, Bermuda, April 29, 2019 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (: TK) announced today an agreement to sell to Brookfield Business Partners L.P. (: BBU)(TSX: BBU.UN), 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.

The transaction

0 Views    Marketwired    2019-04-30 04:00

HAMILTON, Bermuda, April 25, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore) (:TOO) plans to release its financial results for the first quarter of 2019 before market open on Tuesday, April 30, 2019, and Teekay Corporation (Teekay) (:TK), Teekay LNG Partners L.P. (Teekay LNG) (:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (:TNK) plan to release their financial results for the first quarter of 2019 before market open on Thursday, May 23, 2019.

All shareholders, unitholders and interested parties are invited to listen to the

0 Views    Marketwired    2019-04-26 00:02

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

Units TOO BBU TK
0 Views    Marketwired    2019-04-24 12:00

HAMILTON, Bermuda, April 24, 2019 (GLOBE NEWSWIRE) -- 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

0 Views    Marketwired    2019-04-24 12:00

Headlines Total 142
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2019-10-10 $ 1.54 (0.65%)
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