Disruptive Investor
Long/short equity, deep value, event-driven, macro

Teekay Offshore: A Safe Long-Term Investment

In the current market environment, characterized by a high degree of volatility, it is advisable to have few stocks in the portfolio having strong fundamentals, offer stable dividends and have a good earnings visibility. Also, being the largest player in an industry with relatively high barriers to entry is another positive from an investment point of view.

Teekay Offshore Partners L.P. (NYSE:TOO) is the largest owner in the shuttle tanker market with 33 shuttle tankers and three newbuilds on order. Through this, the company owns more than 50% of the world's shuttle tanker fleet based on total tonnage. Besides the shuttle tankers, Teekay also has 4 FPSOs capable of producing 142,000 bbls per day, 6 FSOs with...

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