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Stock Market & Financial Investment News

News Breaks
August 15, 2013
17:43 EDTGLOGGasLog announces new orders, charters
GasLog announced that it has ordered two new 174,000 cbm Tri-Fuel Diesel Electric LNG carriers from Samsung Heavy Industries in South Korea. The vessels are expected to be delivered in 3Q16 and 4Q16 2016, respectively, and upon delivery will commence firm seven-year charters with a subsidiary of BG Group. Due to the benefits accrued from building a series of ships, these vessels will have a lower delivered cost than the 2 vessels ordered in February and are expected to generate a combined annualized EBITDA of approximately $46MĖ$47M over the first twelve months of operation. In addition, GasLog has secured up to 6 additional options from Samsung, 4 of which are priced, with delivery dates through 2017.
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August 21, 2014
08:04 EDTGLOGGasLog has reached solid entry point, says Wells Fargo
After GasLog reported in-line Q2 EPS, Wells Fargo thinks the company's growth outlook remains strong, while its valuation is still attractive. The firm keeps an Outperform rating on the shares.
August 20, 2014
06:53 EDTGLOGGasLog sees medium to long-term outlook for LNG shipping "very positive"
Gaslog expects additional LNG production from Algeria and BG Groupís first 4.5mtpa production train at Curtis LNG in Queensland, Australia in 2H14. This will be followed by additional production from other new projects in Australia, South East Asia and North America in 2015 and beyond. The company stated that the medium to long-term outlook for LNG shipping is very positive and anticipates significant opportunities to capture upside in the market in the coming years, particularly as the expected ramp up of new liquefaction capacity around the world is projected to outstrip the number of ships currently on order.
06:51 EDTGLOGGasLog reports Q2 adjusted EPS 13c, consensus 12c
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August 19, 2014
15:16 EDTGLOGNotable companies reporting before tomorrow's open
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August 14, 2014
07:10 EDTGLOGGasLog Partners announces first option vessels acquisition from GasLog Ltd
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