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GLOP - GasLog: Severely Discounted Given Improving LNG Outlook
February, 19 2021 01:42 AM
GasLog Partners LP representing limited partnership interests
February has seen intense volatility in the natural gas market due to an immense weather-driven production drop and demand spike. The long-term outlook for liquid natural gas prices is heightened as it seems U.S. long-term productive capacity may be peaking. As demand for LNG continues to rise, we may see LNG prices return to $10+ per MMBtu. Even without an increase in LNG prices, GLOG appears undervalued with a forward "P/E" of merely 5.9X. As GasLog's liquidity and solvency position improves with the recent bump in LNG prices, I believe its stock may surge to $9-12. For further details see:
GasLog: Severely Discounted Given Improving LNG Outlook
Stock Information
Company Name:
GasLog Partners LP representing limited partnership interests
Stock Symbol:
GLOP
Market:
NYSE
Website:
gaslogmlp.com
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