Best Japanese Companies To Own In Right Now

Best Japanese Companies To Own In Right Now: Teekay Offshore Partners L.P.(TOO)

Teekay Offshore Partners L.P. provides marine transportation, oil production, and storage services to the offshore oil industry. It operates shuttle tankers, floating storage and offtake (FSO) units, and conventional crude oil tankers, as well as floating production, storage, and offloading (FPSO) units. As of June 30, 2011, its fleet consisted of 40 shuttle tankers, including 5 chartered-in vessels and 4 committed newbuildings; 2 FPSO units; 5 FSO units; and 10 conventional oil tankers. The company primarily serves energy and oil service companies, and their affiliates. Teekay Offshore GP L.L.C. serves as the general partner of the company. The company was founded in 2006 and is headquartered in Hamilton, Bermuda.

Advisors' Opinion:

• [By Kashafa Investment Research]

  Teekay Offshore Partners L.P. (TOO) is the largest owner in the shuttle tanker market with 33 shuttle tankers and one newbuilds on order. Through this, the company owns more than 50% of the world's shuttle tanker fleet based on total tonnage.

• [By Ben Levisohn]

  We are upgrading our recommendation on shares of Teekay Corp. to Buy from Hold, and raising our 12-month price target to $90 from $68. The revision reflects the company’s bold new dividend strategy outlined after today’s market close and ahead of its analyst day tomorrow. The new plan includes an 80% increase in its annual dividend effective 1Q15 (to $2.25 at the midpoint vs. $1.265 today), and a policy aimed at linking future div increases to cash flow growth at its two MLP subsidiaries [Teekay LNG Partners (TGP) & Teekay Offshore Partners (TOO)]. The result should be 20%/year grow in Teekay’s dividend for the foreseeable future, which together with today’s increase, easily justify a $90+ share price in the relatively near-term.

source from Top Penny S! tocks For 2015:http://www.seekpennystocks.com/best-japanese-companies-to-own-in-right-now.html