DLNG - Dynagas LNG Partners Thesis Revisited After Nearly 2 Years
2024-06-30 04:03:37 ET
Summary
- Dynagas LNG Partners' positive aspects include long-term charters and strong financial position with backlog of $1.07 billion.
- Concerns arise from oversupply of vessels in the LNG carrier market and uncertainty regarding reinstatement of dividends to common unit shareholders.
- Ethical considerations regarding supporting Russian companies amid conflict with Ukraine contribute to decision to maintain Sell stance on DLNG.
Investment Thesis
We used to be invested in Dynagas LNG Partners (DLNG). Our positive thesis then was based on the company’s long-term charters and the niche they had with their vessels which enabled them to pass through the northern route from the Russian Arctic to Asia in the summer months, cutting the sailing time....
Dynagas LNG Partners Thesis Revisited After Nearly 2 Years