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GasLog Ltd. (GLOG) is one of the few 'bluechip' shipping companies (excellent management, ultra-modern assets, $4Bn+ GasLog family backlog secured by long-term contracts) trading at heavily depressed valuations. The GasLog brand has been tarnished due to the massive 78% distribution cut at the daughter entity, GasLog Partners (GLOP). Since then, everything has gone downhill, with both GLOG and GLOP down more than 60% YTD.
Data by YCharts
GLOG's current newbuild program alone is expected to contribute more than $140M in fixed annualized EBITDA. Add into the mix more than