USO - Höegh LNG Partners: Separating The (Storage) Wheat From The (Shipping) Chaff
Background
The horrible earnings report by GasLog Partners LP (GLOP) this morning (2/6/2020, before market open) clearly caught the market off-guard. The severe (78%!) cut to its distribution has shaken all the trees along the "shipping avenue", whether they are directly related to the transportation (of energy products) operations, or only an indirect branch to it (that provide side services to energy producers).
While the GLOP-sourced panic flowing into names like GasLog Ltd (GLOG) and Golar LNG Partners LP (GMLP) can be understandable (even if not fully justified), when