- 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.
For further details see:
Teekay LNG Partners: Very Strong Results From A Best-Of-Breed LNG Carrier