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Credit Suisse: Gaslog Partners, Dynagas poised for growth among LNG MLPs

  • MLPs such as Gaslog Partners (GLOP), Dynagas LNG Partners (DLNG), Teekay LNG Partners (TGP) and Golar LNG Partners (GMLP) are the best ways to play the liquefied natural gas shipping market in an industry still in the early innings, Credit Suisse says.
  • The four shippers tend to have high fixed-rate contract coverage and limited spot market exposure, which the firm says should insulate them from near-term market weakness and outperform more spot-oriented companies such Golar LNG (GLNG) and Gaslog (GLOG).
  • Credit Suisse notes that GLNG has the least contract coverage in the group but is hunting bigger game than point-to-point LNG transportation - i.e. floating LNG operations, where securing a contract could be a game changer; Morgan Stanley thinks GLNG's first such commercial agreement will be signed this year.
Comments (3)
  • 11146471
    , contributor
    Comments (453) | Send Message
     
    Good call from CS.

     

    Other than that GLOG is not dependent on spot-market though!
    18 Jun, 02:29 PM Reply Like
  • mydogmoe
    , contributor
    Comments (273) | Send Message
     
    Nice observation. Russia cutting off the Ukraine just fuels the fire. I am long GLOG...
    18 Jun, 03:29 PM Reply Like
  • MrEng
    , contributor
    Comments (49) | Send Message
     
    EU is well supplied, at this time, with storage at 65% of capacity. Also there are three pipelines that supply nat gas from Russia to the EU, only one transits the Ukraine. Lastly, Norway could help up for part of any lost Russian supply.
    19 Jun, 12:52 AM Reply Like
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