EXTENDED BLACK FRIDAY FOR LNG STOCKS
Sometimes shipping sectors are traded at incredibly low valuations. A negative sentiment, strong fleet growth, and low charter rates form the ideal background for valuation gaps. Last year we had a similar pattern in the LPG market when companies like Avance Gas traded 50% below NAV. Long-term value investors may have a closer look at the LNG sector.
BW Group just recently announced to have bought a 1% stake in listed rival Flex LNG. The Singaporians recently struck good deals with a couple of other occasions (Dorian, DHT, Epic).