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July 8, 2014
06:22 EDTGLOG, TGP, BRGYYGasLog growth potential unchanged after Teekay, BG deal, says Citigroup
Citigroup attributes yesterday's sell-off in shares of GasLog (GLOG) to concerns that the Teekay LNG Partners (TGP), BG Group (BRGYY) transaction would impact the company's growth potential. Citi says the growth of LNG shipping is "much larger" than the four vessel deal announced Monday, and that it didn't think GasLog had a monopoly on BG's business. The firm reiterates a Buy rating on GasLog with a $35 price target.
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