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WSJ's Denning: GasLog Partners' frozen gas deserves warmer welcome

Apr. 06, 2015 6:28 PM ETGasLog Partners LP (GLOP) StockGLOG, GLOPBy: Carl Surran, SA News Editor4 Comments
  • GasLog Partners (NYSE:GLOP) jumped 8.1% in today's trade following a favorable analysis from Liam Denning in a Heard On The Street column over the weekend, citing GLOP's limited exposure to commodity prices in the near term and strong growth outlook for the years beyond its current contracts.
  • As China’s recent decision to shut down its major coal-fired power plants around Beijing shows, there are structural forces pushing natural gas to take market share from higher-carbon fossil fuels, Denning writes.
  • The column notes that the consensus forecast is for GLOP's earnings to rise by 46% this year, almost 10x the growth rate predicted for the MLP sector overall, yet while the Alerian MLP index’s forward dividend yield is 6.44%, GLOG yields almost 8%.

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