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Fly News Breaks for March 11, 2016
CPLP, GLNG
Mar 11, 2016 | 08:18 EDT
Despite the recent increase in oil prices, Wells Fargo says it remains "very cautious" about the Marine MLP/GP sector. The firm thinks that the group's counterparty pressures remain the same, while its risk premiums are poised to increase. In conjunction with this note, Wells downgraded Capital Product (CPLP) to Market Perform from Outperform. It says that Golar LNG (GLNG) is the "only name thriving in this environment" and keeps an Outperform rating on the shares.
News For GLNG;CPLP From the Last 2 Days
