Golar LNG Partners had responded to a plunge in MLP equities by launching a buyback programme.
Teekay pulled the rug from under shipping stocks yesterday with widespread dividend cuts that hammered its equities and those of its peers.
In response, Golar Partners launched a plan to buyback $25m of its own units alongside reassurances regarding its position.
It said its distribution policy had not been changed and pointed to the absence of newbuilding capital commitments on its balance sheet.
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