GLOP - GasLog Partners: Q2 Was Only A Bump In The Road Big Returns Still Laying Ahead

• GasLog Partners saw their unit price plunge by 18% when reporting their second quarter of 2021 results due to them missing expectations.
• This saw their underlying operating cash flow excluding working capital movements decrease by around 25% during the quarter.
• Thankfully this was only due to temporary setbacks, mostly relating to dry docking their ships for maintenance and when looking ahead, they forecast their operating expenses to equal 2020.
• They still managed to lower their net debt and thus continue pushing towards deleveraging and unlocking the value embedded within their units.
• Since they remained a coiled spring with big returns laying ahead that my previous article laid out, I still believe that my bullish rating is appropriate.

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