Analyzing Teekay LNG Partners From A Credit Perspective [Seeking Alpha]
Teekay LNG Partners L.P. (TGP)
Last teekay lng partners l.p. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-lng-partners-l-p
Company Research
Source: Seeking Alpha
SummaryTeekay LNG Partners has a strong balance sheet with the potential to deleverage in 2020 and 2021.The company has clear revenue visibility for the coming years with firm contracts.Its cash distribution growth does not increase credit stress.OverviewAt a time when most companies might be reconsidering dividend payments or have already suspended share buybacks, there is a LP that has increased cash distribution.Teekay LNG Partners L.P. (TGPGiven the plans, it would be interesting to look at the LPs credit health. This article will analyze Teekay LNG Partners from a credit perspective.This is important in a scenario where the coronavirus driven economic downside has translated into fear of credit stress and bankruptcy for many companies. In particular, the energy industry has been impacted due to the slowdown coupled with the oil price war.Teekay LNG Partners would fall under the broad energy industry with the LP being an international provider of marine transportation services foc
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