FLNG - Teekay LNG Partners: Steady Income Huge Coverage No K-1
Image Credit: Teekay LNG Partners, Q2-19 Presentation
Teekay LNG Overview
Teekay LNG Partners (TGP) controls the world's largest and most modern publicly-traded LNG shipping fleet with a $10B backlog of highly lucrative contracts. Despite Teekay trading weak along with other shipping names, unlike spot-focused firms, there is very little uncertainty in forward revenues since their entire LNG fleet is fixed on strong employment contracts with 96% average coverage through the end of 2021. Furthermore, a large portion of their fleet is employed for a decade or longer.
TGP is the limited partner for