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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (281)	3/8/2010 1:22:10 AM
From: Spekulatius	Read Replies (1) \| Respond to of 2660

re TOO, hmm, barely any tangible equity for a tanker company? Seems odd, they do not seem to have liquidity issues. Most tankers seems to have credit covenants related to the NAV of their tankers, TOO seems to be in a different boat <g>.

To: Paul Senior who wrote (281)	8/17/2010 12:33:50 PM
From: Paul Senior	Respond to of 2660

" Aug 17 (Reuters) - Teekay Offshore Partners L.P. (TOO.N) priced its public offering of 5.25 million common units at a 4.5 percent discount to the stock's Monday close, sending its units down as much as 6 percent. Teekay Offshore, whose tankers are used to transport oil from offshore fields to onshore processing facilities, said it priced its offering of common units, representing limited partner interests, at $22.15 per unit." ------------------------- I view the drop as an opportunity for me to add to my position. In for a few more shares this a.m. finance.yahoo.com