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Fly News Breaks for December 18, 2015
TOO
Dec 18, 2015 | 08:03 EDT
UBS believes Teekay Offshore Partners appears to be mispriced. The firm noted the dividend distribution cut was based on closed capital markets and not cash burn at the operational level and said if all of its fleet was sold tomorrow it would return over 190% upside to the current unit price. UBS maintained its Buy rating but lowered its price target to $12 from $28 on Teekay Offshore Partners shares.
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