On Wednesday seven of the New York-quoted partnerships in Michael Webber’s coverage universe saw their ratings changed from “outperform” to “market perform”.
The revisions impacted GasLog Partners, Golar LNG Partners, Transocean Partners, Seadrill Partners, Teekay Offshore Partners, Navios Maritime Partners and Capital Product Partners.
In a note to clients Webber said he “still sees value” in many of these names but fears their performance will suffer in the near to intermediate-term due to uncertainty in the energy markets, challenging long-term supply dynamics and lower investor tolerance for risk.
“When
