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Fly News Breaks for December 17, 2015
GLOG, GLNG, GLOP, GMLP
Dec 17, 2015 | 13:17 EDT
Evercore ISI analyst Justin Simmons said Golar LNG Partners (GMLP) and GasLog Partners (GLOP) have 29% and 13% yields, respectively, and nearly a 0% likelihood of a distribution cut or even a drop in the coverage rations below 1x well into 2017, believes risk/reward for both is attractive. Additionally, Simmons said the perceived "value destruction" to sponsors Golar LNG (GLNG) and GasLog (GLOG), is considerably overdone and expects both stocks to rebound in a relief rally if and when their respective MLPs revert to more reasonable yields. The analyst reiterates his Buy ratings on all four stocks.
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