- GasLog Partners is currently trading at four times lower levels than before the economic downturn.
- They have been successfully applying their deleveraging strategy since its inception, and there is no evidence that this process will be stopped.
- Capital expenditures have been postponed for the next three years, limiting near future growth possibilities.
- However, deleveraging effect will bring value to unitholders as optimized free cash flow generation will offset for the lack of revenue growth.
- I am bullish on GasLog Partners as its intrinsic value is significantly above its current market price.
For further details see:
GasLog Partners: Value From Deleveraging