Tag Archives: Awilco LNG

LNG Carrier Sector Update (BUY): Earnings Surge to Three-Year High

The dynamics for LNG carriers have changed and the cyclical inflection point is definitively behind us as spot rates surge towards levels not seen in three years. We see utilization rising steadily towards the end of this decade, with corresponding...

Read more as a member.
Log In Register
Posted in LNG carriers, shipping | Tagged , , , , , , , , , , | 1 Comment

ALNG-NO: Getting ready to ride the cycle (BUY, TP 5.6 [6.9])

The company today announced a restructuring and recapitalization of the balance sheet by deferring charter hire payments to Teeky LNG Partners and a private equity placement of USD ~25m through a book building process. As we touched upon in our initiation in...

Read more as a member.
Log In Register
Posted in LNG carriers, Uncategorized | Tagged , , | 2 Comments

ALNG-NO: Initiation (BUY, TP 6.9)

The company is too small for most institutional investors, and we see limited prospects for growth. Despite the share illiquidity and stretched liquidity position on our estimates, we believe there is upside to the share price based on the continued massive discount on steel and our positive sector view. We initiate coverage of Awilco LNG with a BUY recommendation and target price of NOK 6.9 (+7%).

Read more as a member.
Log In Register
Posted in LNG carriers, shipping | Tagged , , , , , | 1 Comment