TOO News and Press, Teekay Offshore Partners L.P. representing Limited Partner Interests From 05/27/19

Rough week for oil and energy stocks, but for midstream stocks it wasn't terrible. MLPs (-1.1%) were down in-line with the S&P 500 on the week, a big win relative to energy stocks more broadly (XOP -8%, XLE -3%). Utilities were strong, helped by U.S. 10 year interest rates hitting YTD lows...

Dear fellow Teekay Offshore ("TOO") shareholders and potential shareholders, As you may know, in the beginning of this week, Brookfield Business Partners ("BBU") made an unsolicited and predatory offer for the minority shareholders of TOO. At close to an all-time low share price. BBU own...

Teekay Offshore Partners (NYSE: TOO ) +4.5% pre-market after investor JDP Capital Management says it has found " significant support " from other unitholders to oppose Brookfield Business Partners' (NYSE: BBU ) $1.05/unit buyout offer . More news on: Teekay Offshore Partners L.P., Brook...

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-...

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 tan...

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 million, or $0.13 per share (excluding items listed in Appendix A to this release). Total Adjusted EBITDA (...

Teekay Offshore Partners ( TOO -6.9% ) says it has received a proposal from Brookfield Business Partners ( BBU -0.1% ) and a group of institutional partners to acquire all common units the group does not already own for $1.05 each. More news on: Teekay Offshore Partners L.P., Brookfi...

HAMILTON, Bermuda, May 20, 2019 (GLOBE NEWSWIRE) -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has received an unsolicited non-binding proposal from Brookfield Business Partners L.P. and certain of its affiliates and institution...

Midstream was positive across the board this week, led by U.S. and Canadian corporations, but MLPs were positive as well. Midstream traded in line with utilities, which traded up on lower interest rates and a flight to safety across the market. Midstream keeping up with utilities was encoura...

Last week, I provided my assessment of Teekay Corporation's ( TK ) or "Teekay" proposed debt refinancing which has caused a lively debate among investors. Photo: Petrojarl Foinaven FPSO - Source: www.aukevisser.nl As it turned out, the company's original proposal likely ran into trou...