Thursday, October 21, 2010

Clear Sailing ahead for Teekay Offshore...



         Teekay Offshore Partners L.P. (TOO) has long been a favorite of mine.  Recently, the price has been good and Held it's Value.  The main reason We own it is for the Div. in the 8% Range.  The Value Forward will be based on the fact that oil, regardless of the barrel price, must be Shipped and Stored.  Empirical Intuition Trading at it's most Elementary.  If you can catch it @ the $19-21 Range, GET IN.
 (a Buy Op, selfishly, I hope won't happen...)

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