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home / news releases / TOO - Massif Capital - Teekay Offshore


TOO - Massif Capital - Teekay Offshore

The following segment was excerpted from this fund letter published by Massif Capital.

Teekay Offshore (TOO) (Long): The waiting game with Brookfield Business Partners (BBU) appears to be over. To review, we made our investment in Teekay following a balance sheet restructuring of the company by BBU in 2017. We built a large position at a cost below that of BBU and following months of work done by BBU and TOO management to set the company on the right course. Because of the progress made by management, which includes a reduction of the leverage

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Stock Information

Company Name: Teekay Offshore Partners L.P. representing Limited Partner Interests
Stock Symbol: TOO
Market: NYSE

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