Buy Teekay LNG Partners Shares

How COVID-19 has impacted Teekay LNG Partners and measures they’ve taken as a business to combat it. Read on below.

Teekay LNG Partners Shares

Our aim is to help you buy Teekay LNG Partners shares armed with as much research and information as possible.

Below we’ve aggregated up to date information on Teekay LNG Partners including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Teekay LNG Partners shares.

About Teekay LNG Partners

Headquartered in Bermuda, Teekay LNG Partners is a marine transportation service primarily for liquid natural gas and liquid petroleum gas. Starting as a regional shipping company, it has grown into one of the largest shipping companies globally operating 77 vessels.

Teekay promotes the concept of sustainability and maintains a commitment to environmental and personal safety through sound operational practices and effective use of technology.

The parent company, Teekay Corporation, is traded on the New York Stock Exchange under the symbol TGP and operates Teekay LNG Partners, Teekay Offshore Partners and Teekay Tankers.

J. Torben Karlshoej founded the company in 1973 and used his initials to name it Teekay. Mr. Karlshoej unexpectedly passed away in 1992 at 50.

How Coronavirus has impacted Teekay LNG Partners share price

The emergence of the Coronavirus has had neutral impact on very few industries. Generally speaking, energy related companies have been hard hit from greatly reduced travel to conflicts between nations. To the contrary, Teekay LNG Partners seems to be thriving in this new reality.

MARCH 20TH

Teekay revealed its cash distributions payable to holders of record at $0.5625 per unit on the Partnership’s Series A preferred and $0.5313 per unit on the Partnership’s Series B preferred to be paid out on April 15.

APRIL 3RD

The company announced that it refinanced its $225 million debt under the previous terms as an unsecured debt. At the same time it reported fixed rate charters for two of its vessels, the Arwa Spirit and Methane Spirit. These charters are scheduled for continuation of existing contracts over the next few months.

APRIL 15TH

Teekay published its annual report for its fiscal year ending December 31, 2019. That same day it provided access to its Sustainability Report where it reinforced its responsibility to protect the health of its employees and others. As part of the world’s energy force, it intends to continue to remain ecologically conscientious, including its newest carrier that produces about 50% fewer carbon emissions.

April 16TH

Tesla says it has made over 102,000 vehicles this year due to exceptionally high production capabilities from their Shanghai factory.

How to buy Teekay LNG Partners shares

It’s a very simple and straightforward process to getting started and owning a share of Teekay LNG Partners. Our step by step guide below will show you just how easy.

1. Pick a share trading platform. We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).
2. Open an account with your chosen trading platform. As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.
3. Add a payment method. You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.
4. Search for the company you want to buy shares in. Each share trading platform has a simple way to locate the company you’ve identified.
5. Buy the shares. Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.

And that’s it, you’re now a shareholder. Congratulations!

Always remember that the value of your investments can go down as well as up. There’s a chance you may end up with less than you begin with. Capital is at risk.

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