Teekay Offshore Partners L.P. (NYSE:TOO)
Teekay Offshore Partners L.P. provides marine transportation and storage services. It owns and operates a fleet of shuttle tankers, floating storage and offtake units (FOS), and double-hull conventional oil tankers for the oil and natural gas industries worldwide.
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This company will really conquer the S&P 500 performance. This weeks for sure. Let's celebrate.
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high yield, nice RoE. found in screener
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INCREASING DIV TK SHIPPERS I LIKE IT TO
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In an oil hungry world with VERRRYYYYYYYYY short memories of course any offshore company is going to do well. Hi oil prices = high drill demand. Money drives the world....Unfortunately...
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up and away it is going to go.buyers out number seller 2 to 1. 14%net profit is good but will get better.face it oil is here to stay and if you can fine it they will ship it.$25 in8 to 14 months max.jmcsic
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Increasing dividend
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License to print money. Good Div.
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Earning Estimates 1.5 for 2009
First quater growth rate 460%
Year end 2009 growth rate 12.82% estimated
The best stock buy of all Teekey companies
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multiple technical failures
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Testing out a portfolio with outperforms on stocks with tickers that spell words.
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I've been watching it and it seems stagnant.
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Teekay Offshore Partners L.P. is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore Partners owns 26% interest in Teekay Offshore Operating L.P., a Marshall Islands limited partnership with shuttle tankers, floating storage and offtake units, and conventional crude oil Aframax tankers. They also have rights to participate in certain floating production, storage and offloading opportunities involving Teekay Petrojarl ASA.
The offshore oil production will grow from 33% of global oil production in 2005 to approximately 37% by 2015, auguring well for the company. Also, Deepwater oil production from offshore production will increase from 12% in 2005 to 25% in 2015, which will increase demand for shuttle tankers and FPSO units compared to pipelines or fixed production platforms providing a bright opportunity for the company.
Teekay Offshore Partners issued and successfully completed an IPO on Dec. 19, 2006 and generated a distributable cash flow of $1.2 million till December 31. Their fourth quarter showed a net loss of $48.2 million compared to net profit in the prior quarter. This was mainly due to foreign currency translation loss of $55.5 million, primarily relating to a Norwegian Kroner-denominated loan. Foreign currency losses are expected to be lower subsequent to the IPO date as Teekay sold loan receivable to OPCO immediately before the IPO.
In the future, Teekay will offer to Teekay Offshore Partners additional limited partner interests in OPCO that Teekay owns. They are also obligated to offer Teekay Offshore certain shuttle tankers, FSO and floating production storage and offtake (FPSO) units. The above provides a great opening for Teekay Offshore in each of its business segments. Looking at the growing trend and opportunities of the company, the stock price will rise in coming future.
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TOO is a company that ships gas and oil overseas, not an apparel company as this says.
This is a good business since they will always need to ship gas and oil.
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