GasLog Partners: A Long Way to go Despite Recent Balance Sheet Improvements
GasLog Partners LP (GLOP) is a growth-oriented MLP focused on acquiring, managing, and employing LNG carriers utilized in LNG transportation through multi-year charters. The partnership has expanded its fleet significantly since it first went public in 2014. Specifically, the partnership has gone from three vessels to 14 as of today, with nine of them running with modern TFDE propulsion technology. The other five are conventional steam vessels. I am neutral on the stock. Why did Units Collapse? Unfortunately, the partnership''s fleet development from its IPO up until recently came in at a great cost, despite fulfilling GLOP''s growth targets.
GasLog Partners: A Long Way to go Despite Recent Balance Sheet Improvements
GasLog Partners LP (GLOP) is a growth-oriented MLP focused on acquiring, managing, and employing LNG carriers utilized in LNG transportation through multi-year charters. The partnership has expanded its fleet significantly since it first went public in 2014. Specifically, the partnership has gone from three vessels to 14 as of today, with nine of them running with modern TFDE propulsion technology. The other five are conventional steam vessels. I am neutral on the stock. Why did Units Collapse? Unfortunately, the partnership''s fleet development from its IPO up until recently came in at a great cost, despite fulfilling GLOP''s growth targets.