Seapeak's Preferred Shares Are Still Attractive With 8.4-8.9% Yields


  • Seapeak LLC is the new name of Teekay LNG Partners. The common units have been delisted, but the preferred shares remain outstanding.
  • My main fear was to see the private equity owner 'syphoning' cash out of Seapeak and into the shareholders' pockets.
  • So far, so good. The only cash distributions paid were the preferred dividends.
  • Seapeak is actually retaining much more cash on its balance sheet compared to when it still was a public company.
  • Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More »

Hydraulic Fracturing to Liquefied natural gas terminal

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I was a shareholder of both the Teekay LNG common units as well as both series of the preferred shares. When Teekay LNG was acquired by Stonepeak, a private equity group, I wasn't sure if I should hold

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Seapeak SEC Filings

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Seapeak SEC Filings

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Seapeak SEC Filings

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Seapeak SEC Filings

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This article was written by

The Investment Doctor profile picture
We zoom in on capital gains and dividend income in European small-caps
As I'm a long-term investor, I'll highlight some stockpicks which will have a 5-7 year investment horizon. As I strongly believe a portfolio should consist of a mixture of dividend-paying stocks and growth stocks, my articles will reflect my thoughts on this mixture.

Disclosure: I/we have a beneficial long position in the shares of SEAL.PB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I also have a long position in SEAL.PA

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