Teekay LNG Partners L.P. (TGP)
An international provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil.
Recs
jaygatsby49
(99.17)
Submitted: 9/9/2009 3:43:49 PM :
Start Price:
$22.25
TGP Score:
-0.74
I don't like shipping in general but I think there is some growth in LNG tankers and I love the dividend.
Recs
pursueliving
(< 20)
Submitted: 8/3/2009 9:12:40 PM :
Start Price:
$22.16
TGP Score:
-0.43
I've been watching this since early this year when it was around $15.00. Wish'd I've bought...
Recs
Recs
holyem0
(94.00)
Submitted: 2/11/2009 7:37:04 PM :
Start Price:
$16.46
TGP Score:
+11.99
I adore the energy tanker niche these days - just he thought of 15%-30% dividend yields makes my mouth water. Plus, my experience with these companies tells me they'll probably pull a 300%-400% price appreciation off these levels too.
TGP is part of the Teekay Tanker Company - a widely diversified company in the energy tanker sector.
Recs
gardynboy
(< 20)
Submitted: 10/11/2008 3:59:46 PM :
Start Price:
$10.01
TGP Score:
+123.81
Demand for l.n.g. will improve as energy dependence shifts.
Stock following general down trean of the market.
Recs
KingMinusTouch
(< 20)
Submitted: 9/30/2008 5:49:57 PM :
Start Price:
$13.58
TGP Score:
+81.43
P/E is high....I do not own
Recs
lmfb24
(< 20)
Submitted: 8/18/2008 10:17:00 PM :
Start Price:
$19.53
TGP Score:
+35.75
lng is part of our future
Recs
Mike01235
(< 20)
Submitted: 6/9/2008 2:07:00 PM :
Start Price:
$25.04
TGP Score:
+13.41
A more disciplined co than GLNG, otherwise essentilly a pure LNG play.
Recs
jkheycke
(98.64)
Submitted: 5/12/2008 10:44:01 AM :
Start Price:
$24.00
TGP Score:
+19.75
High-growth MLP with good distribution.
Recs
Realwood
(< 20)
Submitted: 4/24/2008 5:41:10 PM :
Start Price:
$23.73
TGP Score:
-20.93
Even with a good increase in sales, this company couldn't turn a profit. A negative EPS, negative net profit margin, long term debt and serious competition is going to make it tuff on TGP.
Recs
sargentmajor
(36.29)
Submitted: 4/5/2008 11:37:51 AM :
Start Price:
$25.22
TGP Score:
+13.98
unless a ship gets blasted out of the water, shipping of LNG pays well
Recs
mike53w
(33.83)
Submitted: 2/26/2008 9:08:42 PM :
Start Price:
$25.74
TGP Score:
+11.43
Transport LPG...LNG and oil....long term contracts....MLP....nice dividend. Seem to like make money for their shareholders and are good at it. A spin off of Teekay Corp. This business is only going to grow as they add more ships to their fleet in the coming years.
Recs
bjmck
(< 20)
Submitted: 10/30/2007 11:43:32 AM :
Start Price:
$27.16
TGP Score:
+14.55
New kid on the block in shipping. Will announce dividend and ride international dry goods demand.
Recs
rochet5
(28.41)
Submitted: 9/24/2007 10:44:29 AM :
Start Price:
$27.71
TGP Score:
+12.53
Great dividend, solid management. Strong carrier system to transport LNG.
Recs
Chapoff
(< 20)
Submitted: 9/4/2006 3:07:48 AM :
Start Price:
$23.65
TGP Score:
+13.95
There is not enough natural gas in the ground in the countries that use it in large quantities, therefore other sources must be utilized. The largest producers are in the Middle East. A 6000 mile undersea pipeline is considered an impossible task. The most economical means of transportation is the use of LNG tankers. Teekay LNG Partners has 4 LNG tankers operating under 20 year contracts and the company does not commit to buy more LNG tankers until they have secured 20 year contracts for their use. Cash flow prjections issued by TGP indicate an annualized 15% growth in cash flow.
Further, the MLP structure provides a steady tax efficient return for the income investor without great risk. Current returns of 6% are expected to rise to over 7% in the next 12 months.
Little attention has been given this company because of the (NIMBY) lack of approval for LNG ports in the United States. However, the IEA predicts a need for 28 TCF per annum by 2015, and currently the biggest LNG tanker can carry ONLY 217,000 cubic meters. Hence there will be a need for multiples of LNG tankers needed and TGP is one of the top leaders in this field. The company will grow organically as the LNG local resource gap becomes more evident.
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