Spot rates are reported to soar, already exceeding $85000 a day on Atlantic trade, and this is only the beginning as market are tightening.
Flex LNG has started to move higher and also brokers are giving higher estimates on share pricing, consensus is now at NOK 18,80 while share price is at NOK 12,30. I expect not before long the short will be covered, fueling higher price and the share should go beyond NOK 16 in the next weeks. FLNG sentiment is now bullish with several technical indicators pointing to a breakout.
LNG carrier spot rates soar as US export developments continue apace
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