Values of UP LNG Shipping Indices for 5th July
|UP Total Return Index||1.66|
|UP Simple Price Index||-243.94|
|UP Preferred Simple Price Index||-118.75|
|UP Volume Trend Index||142.8|
It was quite sucesfull week for LNG shipping stocks, despite UP LNG indices gained only 3 points.
Many stocks opend above previous week close and went down, but rose at the end of week. A lot of them is set to rise again.
I am long in GasLog (NYSE:GLOG) with options, but Gaslog LNG Partners (NYSE:GLOP), Golar LNG Partners (NASDAQ:GMLP), Höegh LNG Partners (NYSE:HMLP), Teekay LNG Partners (NYSE:TGP) have also potential to grow now.
U.S. stocks represented by etf SPY rose too, what was the main reason for LNG stocks. The only trouble is low volume. That relativize all expectation.
Dynagas LNG Partners (NYSE:DLNG) should inform about the distribution for Q2 in coming weeks. The best decision would be cutting the distribution and repaying the debt. That would allow the common stocks to grow a bit.
Preferred stocks rose too with both Dynagas.
- US LNG Export Capacity Growth Will Keep Floor Under Natural Gas Prices
- Yamal LNG H1 2019 production hits 9 million tons
- Mozambique’s LNG time has come
- Corpus Christi Train 2 Delivers 1st LNG Cargo
- Shell Sees More FLNG Opportunities
- German LNG to start EPC prequalification for Brunsbüttel terminal
Disclosure: I am/we are long DLNG, GMLP, GLOG.
Additional disclosure: I also have small positions for study purposes in each of seven stocks included in UP LNG Shipping indices.