NYSE:TGP (Bermuda) Also Trade In: Germany Mexico

Teekay LNG Partners LP $ 10.31 -0.13 (-1.25%)

Volume:
139,183
Avg Vol (1m):
228,954
Market Cap $:
894.20 Mil
Enterprise Value $:
3.67 Bil
P/E (TTM):
8.31
P/B:
0.54
Warning! GuruFocus has detected 4 Severe warning signs with TGP. Click here to check it out.
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TGP News and Headlines - Teekay LNG Partners LP

GuruFocus Articles Total 31
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Guru stock highlight

We have explained the investment theory in Teekay LNG (TGP) (5.6% of the portfolio), engaging in the maritime transportation of liquified natural gas through long-term contracts, on numerous occasions since it commenced in 2017. In recent months, progress in the execution of the company has been notable and completely according to plan. The main progress was:

  1. Completion of the growth programme, which increased the size of the company by approximately 60%, all with very long-term contracts
  2. Beginning of accelerated debt repayment due to the substantial increase in cash generation once the growth phase has been concluded.
  3. An increased quarterly
68 Views    Sydnee Gatewood    2020-08-03 21:57
Discussion of markets and holdings

Dear co-investor:

When in 2017 we recommenced our activity under the structure of Cobas Asset Management, markets in general, were not cheap, but we were capable of identifying companies trading at a considerable discount. We invested at an average of 8-9 times profits and, now, following

COVID-19, we are trading at 5-6 times, unsustainably low levels. As a whole, our estimated normalised profits have not varied significantly and, hence, target values have not undergone changes either.

In the past, we have faced crises and exceptional uncertainty, which have proven to be source of extraordinary opportunities for those that were capable

153 Views    Sydnee Gatewood    2020-08-03 21:12
Guru stock highlight

In times of crisis, the market exacerbates its irrationality, and it is difficult to escape it. This happened in 2008 and it has happened again. It is surprising to see the Teekay Group (TGP) (our largest investment at this time) undergo sharp price falls during this crisis when on 16 April Teekay LNG confirmed a 36% increase in its dividend; a unique situation, at a time when countless companies are eliminating the dividend. To our knowledge, there is no known company that has confirmed an increase of this kind in the last month. In the meantime, TGP has gone

45 Views    Sydnee Gatewood    2020-05-01 21:48
Discussion of markets and holdings

Dear co-investor,

Our first message is one of encouragement and support for those who have lost a loved one, and for those who are still suffering from the disease: our greatest wish is for our investors and their families and relatives to be in good health. We would also like to thank the health wor-kers and all those people in essential activities who are working in the fight against this pandemic.

The first quarter of 2020 has been one of the hardest I have ever experienced as an investor, both because of the personal situation we all find ourselves in

109 Views    Sydnee Gatewood    2020-05-01 18:42
Greenlight manager also exits Dillard's

David Einhorn (Trades, Portfolio) disclosed Thursday that he started a new position in Teekay LNG Partners LP (TGP) and boosted positions in energy companies during the first quarter.

Einhorn, the founder of hedge fund Greenlight Capital, runs a concentrated portfolio that listed only 18 positions at the end of the first quarter, valued around $1.41 billion in aggregate. His largest sector weightings were consumer cyclical at 31% of holdings, real estate at 14.99% and industrials at 14.29%. His largest position, General Motors Co. (GM), dominates the equity portfolio at 24.03% after he reduced it by 23.66% in

1036 Views    Holly LaFon    2019-05-16 22:07
The 'Warren Buffett of Spain' gave guidance, shared his outlook and pitched a stock idea

Francisco Garcia Parames (Trades, Portfolio), founder of Cobas Asset Management and one of Spain's top investors, spoke at the GuruFocus Value Conference this year in a talk emphasizing optimism and his strategy.

Parames started by underscoring the unstoppable growth of the global economy. After 40 years of uninterrupted growth, including during the recession of 2008 and 2009, it slowed but did not turn negative.

“Stop focusing on the next recession,” Parames said. “The global economy is there and will be there for the next years.”

“The world is growing and we should be optimistic always,” he added.

621 Views    Holly LaFon    2019-05-03 20:13
Top holding in 'Spanish Warren Buffett's' portfolio is Swiss packaged goods company Aryzta

According to GuruFocus top-10 holdings data, Francisco García Paramés’ top five holdings as of the third quarter are Aryzta AG (XSWX:ARYN), Teekay LNG Partners LP (TGP), Teekay Corp. (TK), International Seaways Inc. (INSW) and Babcock International Group PLC (LSE:BAB).

Paramés, chairman and chief investment officer of Cobas Asset Management, is a self-taught follower of Berkshire Hathaway Inc. (BRK.A)(BRK.B) CEO Warren Buffett (Trades, Portfolio)’s investment approach. The former Bestinfond (Trades, Portfolio) manager strictly applies the principles of value investing within the framework of the Austrian business cycle

191 Views    James Li    2018-12-12 17:35
Cobas Asset Management talks about current market fluctuations as a long-term investment opportunity

The third-quarter letter of Cobas, the asset management company of Francisco García Paramés (Trades, Portfolio), was clear in interpreting the current market correction as an opportunity:

“Volatility must be our friend and falls on the markets such as that of October should be considered opportunities to reap the profitability of the future.”

Paramés stated the importance of being patient and the confidence that Cobas investment portfolio is defensive in nature because it would not be affected by an eventual drop in private consumption.

He gave five examples of Cobas defensive investments:

Teekay (TK)

91 Views    Hugo Roque    2018-11-09 16:20
Clear revenue visibility and growth projects for the next several years

Investment overview

Teekay LNG Partners LP (TGP) provides marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil globally.

Year to date, the stock has gained 20% and currently trades at $17.75. In addition, the company currently provides a dividend of 56 cents per share, which translates into a dividend yield of 3.2%.

Teekay is an attractive investment for the next three to four years. In this period, I expect the stock price to trend higher and the dividend to swell.

Strong cash flow visibility

The first reason to be bullish on Teekay is the MLP's strong

194 Views    Faisal Humayun    2017-10-04 15:07
He bought 55 stocks

Francisco Garcia Parames started Cobas Asset Management and began investing on Jan 1. Before that, he worked at Bestinver in Spain. He bought 53 stocks in the first quarter for the Cobas Seleccion Fund.

Parames described the stocks in his first-quarter commentary: “As indicated in the welcome letter, the portfolio has some very attractive characteristics: ROCE of 30%, PER of 8.4x and a revaluation potential of 70%. In the last five years, and with the exception of some commodities in 2015, it has not been possible to form a portfolio with such a similar combination of quality and potential.”

The

374 Views    Holly LaFon    2017-05-23 21:12
Shippers have consistently underperformed for the past century

During the first decade of the new millennium, the shipping sector was what can only be described as a goldmine. The rise of China as a global trading superpower, an aging fleet and easy access to credit allowed shipping companies around the world to expand rapidly, plowing billions into new vessels that were quickly snapped up on trading routes. The rising demand for transportation capacity also sent spot rates for vessel charters skyrocketing, improving the economics of shippers and making it look as if their rapid expansion was the right course of action. However, the financial crisis exposed these companies

288 Views    Rupert Hargreaves    2017-01-16 22:21
GasLog Partners has clear cash distribution visibility

GasLog Partners (GLOP) is a growth-oriented limited partnership that was formed to own, operate and acquire liquefied natural gas (LNG) carriers that are on long-term charters. It is a subsidiary of GasLog Ltd. (GLOG) which has 30% ownership in the firm.

As per the agreement, the MLP currently owns nine LNG carriers which operate under multi-year charters with a wholly owned subsidiary of Royal Dutch Shell PLC (RDS.A)(RDS.B). The MLP also has the options and other rights based on which it may acquire additional LNG carriers from GasLog, which would help it provide further growth opportunities.

This MLP has the

160 Views    Subia Khan    2016-12-13 17:21
Many shipping stocks look cheap. Should investors dive in or give the sector a wide berth?

On valuation alone, the global shipping sector is probably the most attractive industry on the entire market. The dry bulk, tanker and box shipping industries are full of companies trading at a double-digit discount to net asset values.

For example, shares in companies such as Teekay LNG Partners (TGP), Frontline Ltd. (FRO), Euronav NV (EURN), Seaspan (SSW), Teekay Offshore (TOO), Costamare (CMRE), Navigator Holdings (NVGS), Diana Shipping (DSX), Safe Bulkers (SB), DryShips (DRYS), Scorpio Bulkers (SALT) and TOP Ships (TOPS) all trade at an average price-book (P/B) of less than 0.5. Such a discount implies an upside of 100% if

804 Views    Rupert Hargreaves    2016-12-06 22:30
Stock has declined 68%, providing deep value investment opportunity

Teekay LNG Partners (TGP) might have declined by 10% year to date, but the company

636 Views    Faisal Humayun    2016-04-06 20:42

A few weeks ago, on one particularly rough day for the MLP sector, I wondered to myself who had just blown up. With even blue-chip names down 4% or more on the day, the only explanation I could come up with was that a leveraged MLP hedge fund must have “blown up” and been forced to liquidate its holdings due to margin calls, pushing down prices. Nothing else made sense.

I never got an answer to that question, and I will probably never know. But when I see the continued meltdown in the MLP space, I’m still left wondering: What,

1090 Views    Charles Sizemore    2015-08-27 13:02

According to GuruFocus list of 3-year lows, Chevron Corp (CVX), Loews Corp (L), CenterPoint Energy Inc (CNP) and Teekay LNG Partners LP (TGP) have all reached their three-year lows.

Chevron Corp reached $100.42

The prices of Chevron Corp shares have declined to $100.42, which is 27.3% off the three-year high of $135.10.

Chevron Corp has a market cap of $188.84 billion; its shares were traded at around $100.42 with a P/E ratio of 11.00 and P/S ratio of 0.98. The dividend yield of Chevron Corp stocks is 4.20%. The company an annual average earnings growth of 7.80% over

598 Views    Jimmy Xiao    2015-06-09 15:22

Houston, Texas-based Cheniere Energy Inc. (LNG) on Friday announced a dismal performance for quarter four ended Dec. 31, 2014. The company reported a loss of $158.6 Million for the quarter. Despite an expected negative performance, the results announced by Cheniere were much lower than the street estimations.

Quarter four performance numbers

Cheniere reported quarter revenues to the tune of $66 million, 0.6% lower year on year and significantly lower than the market expectations. The loss figure for the quarter translated into a loss of 70 cents per share. Losses, adjusted for non-recurring cost was 50 cents

935 Views    reports.droy    2015-02-24 16:06

Teekay LNG Partners (TGP), which provides marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil, is an excellent stock to consider for the long term. This article discusses the key investment positives related to the stock and industry that will take the stock significantly higher from current levels with a 3-5 year investment horizon.

A distribution yield of 7.1% is the first reason to consider Teekay LNG. The stock currently has a distribution payout of $2.77 per share and I believe that the payout is sustainable. Further, I believe that we can also see an increase

270 Views    Faisal Humayun    2014-11-25 16:22

While the LNG industry is not having the best of times, the long-term prospects for the industry remain very bright. Teekay LNG (TGP) is one company in the industry that has the potential to be a value creator for long-term investors. The company’s stock has declined by only 10.2% in 2014 amid relatively difficult market conditions, and this is an indication of the intrinsic strength of the company. This article discusses Teekay LNG and the key investment positives related to this potential value creator.

The first reason to be bullish on Teekay LNG is the company’s strong position in the

363 Views    Faisal Humayun    2014-11-13 15:24

GasLog Partners (GLOP) is a limited partnership firm which owns, operates and acquires LNG carriers under long-term charter of five years or more. The company has an initial fleet of three LNG carriers with long-term contracts scheduled to expire in 2018 and 2019.

GasLog (GLOG) is the parent company of GasLog Partners. The company is an owner, operator and manager of LNG carriers and works as a part of LNG logistics chain. In April 2012, the company had a fleet of 10 LNG carriers and since then GasLog has increased its capacity by 111% to 21 fully owned ships.

This

612 Views    Subia Khan    2014-06-03 22:02

Headlines Total 56
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2020-09-22 $ 10.57 (-3.03%)
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2020-08-03 $ 10.92 (0.37%)
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2020-07-17 $ 11.17 (0.72%)
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2020-06-19 $ 12.81 (-1.46%)
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2020-05-27 $ 11.53 (-0.26%)
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2020-05-22 $ 11.53 (0.26%)
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2020-05-21 $ 11.53 (0.26%)
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2020-05-01 $ 10.81 (-6.57%)
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2020-04-16 $ 10.83 (3.04%)
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2020-04-03 $ 9 (-4.36%)
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2020-04-02 $ 9.41 (3.18%)
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2020-04-01 $ 9.12 (-6.84%)
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2020-03-27 $ 9.29 (-3.63%)
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2020-03-26 $ 9.64 (9.42%)
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2020-03-25 $ 8.81 (-4.24%)
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2020-03-21 $ 7.72 (-3.62%)
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2020-02-03 $ 12.98 (1.01%)
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2020-01-21 $ 14.72 (%)
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2019-12-19 $ 16.02 (3.35%)
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2019-10-22 $ 13.18 (0.46%)
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2019-09-20 $ 15.85 (-0.63%)
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2019-07-19 $ 14.97 (-3.73%)
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2019-06-18 $ 13.23 (-0.6%)
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2019-05-30 $ 13.72 (-1.93%)
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2019-04-24 $ 15.05 (-0.4%)
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2019-04-08 $ 15.19 (%)
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2019-03-15 $ 14.73 (0.61%)
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2019-01-09 $ 12.81 (0.47%)
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2018-12-19 $ 12.51 (4.69%)
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2018-12-14 $ 12.82 (-1.38%)
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2018-11-15 $ 14.41 (2.13%)
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2018-11-09 $ 14.91 (-0.8%)
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2018-10-04 $ 17.07 (1.19%)
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2018-09-25 $ 15.35 (1.66%)
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2018-09-14 $ 15 (-0.33%)
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2018-08-23 $ 16.25 (0.31%)
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2018-08-20 $ 16.35 (2.51%)
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2018-07-06 $ 16.65 (0.6%)
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2018-06-29 $ 16.85 (1.81%)
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2018-06-16 $ 16.85 (-0.88%)
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2018-04-05 $ 17.85 (-1.92%)
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2017-10-04 $ 18.1 (1.97%)
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2016-04-06 $ 12.07 (1.6%)
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2014-11-25 $ 38.7 (-1.9%)
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2014-11-13 $ 38.23 (-0.31%)
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2012-06-19 $ 36.4 (3.17%)
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2012-03-16 $ 38.65 (-0.18%)
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2011-12-15 $ 32.77 (1.74%)
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