Teekay LNG Partners L.P. Buyback
OLI recorded this information on 12/19/2018
Company:
Teekay LNG Partners L.P.
Buyback:
TGP buyback
$Amount Authorized:
$100,000,000
Buyback Details:
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has today announced that its Board of Directors has authorized a common unit repurchase program for the repurchase of up to $100 million of Teekay LNG's common units. Common units may be repurchased in the open market or privately-negotiated transactions or otherwise at times and prices considered appropriate by the Partnership. The timing of any purchases and the exact number of common units to be purchased under the program will be dependent on market conditions and other factors. The Partnership intends to establish a trading plan pursuant to Rule 10b5-1 under the U.S. Securities Exchange Act relating to the repurchase of its common units under the program.
Teekay LNG Partners is an international provider of marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Co. focuses on servicing its customers through its fleet of LNG and LPG carriers under medium to long-term, fixed-rate charters. Co. has two reportable segments, the LNG segment and the LPG segment. Co.'s LNG segment consists of LNG carriers which generally operate under long-term, fixed-rate charters to international energy companies. Co.'s LPG segment consists of LPG and multi-gas carriers which generally operate under voyage charters or time-charters.
Preferreds: SEAL.PRA, SEAL.PRB
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: TGP Stock Forecast Based on Zacks ABR data; powered by Xignite |
