GMLPP - Teekay LNG Partners: Very Strong Results From A Best-Of-Breed LNG Carrier

• Teekay LNG Partners saw its results hold up exceptionally well given the problems that the pandemic has inflicted on the industry.
• The company currently has all of its vessels chartered under very long-term contracts, but five of these are expiring in the near-term, which poses some risk.
• The future of the industry is quite strong as the sheer volume of cargoes is expected to more than double over the next two decades.
• The company has a very low debt load, which should improve its ability to weather the pandemic and deliver steady growth.
• The company is easily able to afford its distribution, providing us with a solid growth and income vehicle.

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