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Stock Market & Financial Investment News

News Breaks
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.
News For GLOG From The Last 14 Days
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May 6, 2015
07:20 EDTGLOGGasLog says medium to long-term outlook for LNG shipping demand is 'positive'
The company comments, "We continue to believe the medium- to long-term outlook for LNG shipping demand is positive, despite the decline in prices and spot charter rates over the last six months. There are a number of new projects in progress that have firm off-take agreements, secured financing or are under construction, and we expect a number of these to come online in 2015, which will materially increase global LNG production capacity. The projects that have reached final investment decision stage, but are yet to start production, represent over 120 million tons per annum of new LNG capacity, and we currently expect that these facilities will come online even if the current low commodity price environment continues. By the end of 2019, we forecast that the number of ships needed for LNG production from new and existing terminals will be greater than the current global on-the-water fleet and orderbook. Recently, there have been several encouraging LNG project developments which highlights the viability of many LNG projects in the current market conditions. Cameron LNG announced initiation of a Federal Energy Regulatory Commission pre-filing review for the planned expansion of its existing facility from 15 mtpa to 25 mtpa. Freeport LNG announced the financing and construction of its third LNG train with a capacity of 5 mtpa. Chevron announced a sale and purchase agreement with SK LNG Trading for 4.15 million tons of LNG over a five-year period commencing in 2017 from its Gorgon project, which has a capacity of 16 mtpa. Additionally, in the United States and Australia, several projects are scheduled to complete construction and commence LNG production later this year. Sabine Pass Trains, Gorgon , Gladstone and Australia Pacific are all projected to come online in 2015. We remain positive on the medium- to long-term demand for LNG carriers."
07:19 EDTGLOGGasLog reports Q1 adjusted EPS 13c, consensus 14c
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