Må huske på skipsverdiene også. Absolutt alle Flexs' nye fartøyer er kjøpt med god rabatt i forhold til dagens verdier takket være JF.
Kan jo regne på hva NAV havner på når alle er levert om prisene holder seg. Kursen i dag gjenspeiler særs billig spiker vil jeg si.

https://www.rt.com/business/444072-china-gas-supply-boost/
"With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company said on Tuesday."

--
Men legg merke til avslutningen som er innom El Nino

"El Nino, the warming in Pacific Ocean sea-surface temperatures, has emerged and there’s an increased chance of it continuing through the Northern Hemisphere spring, the Japan Meteorological Agency said on Friday. The weather pattern usually causes warmer temperatures during winters in Japan. “With warmer weather expected now, the demand pull from China would be even less,” Xizhou Zhou, an analyst at IHS Markit, told Bloomberg. “The kind of tightness in the market we had seen last year will unlikely repeat."

LNG prices have tumbled for the past seven weeks amid weaker demand from North Asia while companies in Japan, China and South Korea (the world’s three largest LNG importers) already nearing full storage capacity. "

LNG: STILL INCREASING!

1) LNG carrier spot rates (tri-fuel) increased by 14% to USD 165k/d last week.

2) The trend for spot rates is ‘increasing’, according to Poten.

3) 1-yr TC rates recorded gained as well, and the 1-yr tri-fuel rate is now quoted at USD 115k/d after increasing by 5k/d last week. Furthermore, the sentiment for period rates remains ‘positive’.

4) Available vessels for prompt delivery decreasing to only 2x vessel worldwide (vs 3x last week and 20x six months ago).

TRADEWINDS 15/11:
"Last month, Sinokor fixed its first two LNG carriers for trading as the LNG shipping market turned sharply upwards and rates for modern units hit record highs of more than $200,000 per day. The company chartered its most recently acquired vessel — the 138,000-cbm Singapore Energy (ex-British Innovator, built 2003) — to Vitol for up to 40 days from early November. Sinokor also tied up its 127,180-cbm Grace Energy (ex-LNG Swift, built 1989) to Malaysia's Petronas.
The Grace Energy, which was put into Keppel Shipyard at the turn of the year, was the first of Sinokor’s LNG stash of parked vessels to be reactivated from lay-up.

While neither vessel attracted a high rate — largely because they were not in a cold condition and the company has no chartering record for this sector — market sources have suggested that Sinokor may be eyeing up other ships for reactivation. They indicated that Sinokor’s 125,660-cbm Baltic Energy and 125,556-cbm North Energy (both built 1983) and 125,631-cbm Mediterranean Energy (built 1984) could be the likely first candidates to be returned to the market."

Noen anelse om hvor mange LNG skip som ligger klar for "reactivation" og hvilke innvirkninger dette kan få på markedet?

Ja selvfølgelig
I dag så kan det muligens snu oppover igjen. Ikke like hissige selgere kan det se ut som.Så da så vi kanskje bunnen, burde jo være langt over dette.

Vanskelig å spå. Markedet er sterkt, men OSE faller med oljeprisen. Da blir det kanskje vanskelig for kursen å reflektere dette.

Flex LNG - Invitation to Q3 2018 presentation
Flex LNG - Invitation to Q3 2018 presentation

Hamilton, Bermuda, November 19, 2018

Flex LNG Limited ("Flex LNG" or the "Company") will release its financial
results for the quarter and nine month ended 30 September 2018 on Tuesday 27
November 2018 on or about 07:00 am CET. In connection with the earnings release,
a webcast and conference call will be held at 08:30 a.m. CET.

In order to attend the webcast and/or conference call you may do one of the
following:

Attend by Webcast:
Use to the follow link prior to the webcast:
https://edge.media-server.com/m6/p/tdxfc2te

Attend by Conference Call:
Applicable dial-in telephone numbers are as follows:
Norway: +47 2100 2610
United Kingdom: +44 (0)330 336 9105
United States: +1 929-477-0324
Confirmation Code: 3822806

A Q&A session will be held after the teleconference/webcast. Information on how
to submit questions will be given at the beginning of the session. The
presentation material which will be used in the teleconference/webcast can be
downloaded on www.flexlng.com and replay details will also be available at this
website.

For further information, please contact:
Øystein M. Kalleklev, CEO & CFO
Telephone: +47 23 11 40 58

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act or the Continuing Obligations of
Oslo Børs.
Se nyhetdetaljer og vedlegg (www.newsweb.n

Dnb-analytiker anbefaler FLNG i FA i dag og har kursmål 22.-

Det virker som tidevannet er sterkere enn fremdriften for FLNG. Rater opp mot 200 000 burde være relativt kursdrivende når break even ligger rundt 60. Riktignok kommer ikke det i regnskapet før fra februar. Når en ser alle LNG produksjonsanleggene som kommer on stream fremover og vet det knapt nok er skip nok til å frakte gassen og ikke kommer til å være det før kanskje 2022 må det nesten bli ratefest for FLNG og lignende selskap. Merkelig at selskapet da faller omtrent det dobbelte av Oslo børs.

really
FLNG og flere andre aksjer er vel i tøm-og-røm modus på børsen. Litt merkelig at FLNG skulle gå straka vegen sydover etter at forsøket på å klatre opp på 15-tallet mislyktes nylig. Jeg tror mye kan skyldes overheng av emisjonsaksjer som trykker kursen ned. Dette overhenget kommer på toppen av andre faktorer som påvirker kursdannelsen. Nå har også LNGC-aksjer i USA gått over i negativt modus - dog etter at FLNG startet. Så ikke drahjelp å få derfra heller.

Delta;
i tillegg til det du beskriver ser jeg ikke bort fra at en del "stop loss" og tvangsalg (belånte aksjer) har fulgt med når papiret faller så kjapt med alle de anbefalingene som har kommet i det siste. Større aktører benytter seg alltid av dette og er selvfølgelig med og legger sperrer for å tilegne seg billige aksjer. Det vi ser nå er krusninger for den langsiktige investor..
Lykke til!

Arctic:

FLNG: TOO CHEAP TO BE IGNORED!

1) The FLNG share is down 2,7% YTD!

2) The FLNG share is down, despite skyrocketing rates, unbelievable…

3) Rates driven by more volumes from the US, we expect to see demand growth close to 20% in 2019

4) LNG fleet growth will slow down sharply in 2019

5) FLNG perfectly positioned with 4x on the water, and 9x newbuilds being delivered over the coming 2,5 years

6) FLNG currently priced at P/E 2,1x and a dividend yield of 40% on 1Y TC rate, the stock could triple in 2020 if priced like peers (10x EBITDA)

Takk for siste innlegg Kodenavn. Helt utrolig at Flex har falt i år med den utviklingen i ratene. Gaslog og Golar gikk veldig bra i Usa i går kanskje det kan smitte over på Flex. Det bør være påregnelig med innsidekjøp etter rapporten med den lave kursen. Kursen ligger på omtrent det samme nivået som det ble kjøpt på i juni tror jeg.

Golar er ned rundt 5 USD i år, FLNG har gått vesentlig bedre enn det, men nedgangen i Golar har andre årsaker.

Men at FLNG er feilpriset nå er vel ikke å ta for hardt i, uavhengig av sentiment på børsen..

Hyggelig med en opptur vært en stund siden nå. Noen som vet om det er en spesiell grunn til at den kom i dag, utenom at den ufortjent har blitt trykket ned?

Trading

DnB omtaler LNG og LNGC i dag. De ser for seg at sesongmessig vårsvakhet i LNGC-ratene starter tidligere i 2019 enn hva det gjorde i 2018. Etter å ha nådd USD 84k/dag 18. jan. 2018, droppet det til USD 57,5k/dag sent i februar 2018. De fundamentale forholdene er mye sterkere denne sesongen, og laveste rate kommende vårsesong vil være betydelig høyere enn laveste rate forrige sesong. Denne gangen er markedene i Asia-Stillehavsregionen godt forsynte med LNG med foreløpig prognose om mild vinter og godt med LNG lagret nær gasskundene. DnB tror svakhet i aksjekursene for LNGC-sektoren skyldes svakt aksjesentiment generelt, og at aksjeinvestorene tror at våren med sesongmessig ratefall kommer tidligere denne gangen (kom i februar forrige sesong). Med fall i LNG-prisene i Asia når vårsesongen starter, faller også prisarbitrasjen US-Asia. Dette kan kommende sesong forsterkes av stigning i spotpris for Henry Hub gass. Lavere arbitrasjemargin betyr lavere etterspørsel etter LNGC. Mange LNGC’er ligger i Asia nå som lagringsplass for LNG, og disse lagrene vil snart nedbygges, og flere LNGC’er frigjøres for ordinær transport av LNG – noe som vil påvirke ratebildet negativt i vårsesongen. Når man ser utover sesongmessig svakhet i vårsesongen, venter DnB et stramt LNGC-marked i 2019 med 7% flåtevekst og 18% etterspørselsvekst. DnB venter høyere årsratetopp for spot de neste årene enn hva som blir høyeste rate i 2018. Med stramt marked og veldig høye spotpriser i den senere tid tror DnB at befrakterne vil prøve å sikre seg lange befraktningsavtaler på det som er relative høye rater i «vårvinduet» mens spotratene ikke er så høye.

Ratene faller alltid mot våren logisk nok, sånn er det bare. Hvor tidlig etc. får vi se. Det som er faktum er at FLNG ligger på 13 tallet nå. Tidligere når kursen har ligget her har ratene vært rundt 70-80k. Dvs. under halvparten av der vi er nå. Skibsverdiene har også økt siden dess.
Når det gjelder FLNG spesifikt så kan man ikke se bort ifra den nylige emisjonen som ble gjennomført. Dette endret Flexs' markedsposisjon og fremtidsutsikter veldig. De nye LNGCene er bestillt i god tid og vil bli levert lenge før andre som bestillte sine skip i år siden de tar en stund å ferdigstille. Det er en av faktorene som vil føre til strammere marked neste år og året etter. Dette er tilfeldigvis da Flex får sine skip levert. Heftig bra timing av JF.

Ja, sesongmessig ratefall mot våren er normalen. Når det gjelder aksjekursene, så steg GLOG og FLNG mye i desember 2017 for så å toppe ut rundt årsskiftet 2017/18 for deretter å falle kraftig mens ratene falt (GLOG falt mer enn 25% i den perioden), og med aksjekursbunn rundt utløpet av 1. kvartal. I 2017 falt GLOG mye fra tidlig februar til slutten av mai (fall ca. 20% i perioden). Nå får vi se hvordan det blir denne gangen hvor kursene nå er godt under årshøyeste.

Flex får nye skip fortløpende fra 2019 og utover. Tror ikke på noe 20% fall aksjekurser våren 2019 slik som det var ifjor. Det jeg lurer på er når vi får signaler om utbytte¨? Det vill i alle tilfelle bli godt mottatt i markedet. Minner om at JFer glad i utbytter i alle selskaper han er eier er det maks utbytte . Infrastruktur åpner fortløpende og det trenges skip for å frakte!! Siste fra Fearnley, uke 47. Stabilt fra forrige uke!

Er det noen som har ratene den siste uken som de kan legge ut, ser det er mye trading i aksjen nå men volumet har avtatt den siste uken. Men det hjelper jo ikke at børsen tryner. Men markedet de neste årene har underskudd av fartøyer så Flex er i en unik posisjon til å dra nytte av sterkere rater de neste årene.

Kan vel nesten ikke falle noe mer. I vår/sommer var den nede på 10 tallet, men da var også ratene så lavt som 35k. Har litt vondt for å tro at de skal ned igjen der.
Noen som følger med på volum her? Knapp omsetning i dag.. ikke akkurat som om alle kaster aksjene sine her selv om olja krakker.

Triton
DnB har i Shipping Daily operert med stabil spotrate for TFDE i snitt USD 182,5k pr dag en periode nå.

På side 2 nede til høyre i link er siste rateoppdatering for TFDE fra Fearnley fra sist onsdag - ratene har vært stabile på det nivået en periode nå.

https://cdn2.hubspot.net/hubfs/4375355/Research/Tankers/fw_week_46_2018.pdf?t=1542269741938


Fra DnB i går:
Our take of the market is that LNG players feared a replay of the 2017/18 winter, when the forward curve underestimated the cost of LNG two months out, due to shortage of supplies. This year, the opposite looks to have happened, as the forward pricing has consistently been revised down when approaching physical delivery. This is due to a well-supplied market in the Asia Pacific region, initial forecasts of a mild winter and ample storage in demand hubs.

Takker for svar Delta, kjøpte meg videre opp igår men ser jo nå at en skulle ha drøyet det.

Novatek Kicks-off Yamal LNG's Train 3

Russia's Novatek has begun production of the commissioning LNG from its third 5.5 million mt/year train at the Yamal LNG project, bringing the plant's total capacity to 16.5 mln tonnes of LNG per year.
“We have successfully launched all three LNG trains at our flagship Yamal LNG project according to our revised early launch schedule,” Novatek’s head Leonid Mikhelson said.

Russia’s largest independent natural gas producer said in a press release that the third LNG train was launched more than one year ahead of the planned original schedule. All three technological trains have been launched on budget, it said.

This fact is unprecedented for the industry plagued by massive cost overruns and project delays, Mikhelson claimed.

"We have transformed NOVATEK into a global gas player and obtained the unique experience of design and construction of Arctic LNG projects. We will use this experience implementing our future LNG projects in this prolific hydrocarbon resource basin. The innovative fourth LNG train at Yamal LNG will be based on NOVATEK's proprietary liquefaction technology called “Arctic Cascade” and will utilize Russian-manufactured equipment,” he added.

Yamal LNG project (50.1% owned by Novatek, 20% - France’s Total, 20% - China’s CNPC, 9.9% - Silk Road Fund) is being implemented on the resource base of the Yuzhno-Tambeyskoye field in Russia’s Arctic region.

Production at the first LNG train was commenced on December 5, 2017. 7. On August 2018, Yamal LNG shipped the first batch of LNG after the launch of the second train of the plant.

Meanwhile, a report in Reuter's said that a LNG tanker is transferring a cargo of Russia’s Yamal LNG to another vessel off the tip of northern Norway on Thursday, the first such operation that will help the facility raise production.

The Vladimir Rusanov, an Arc7 ice-breaking LNG tanker, and the lower Arctic-classed Pskov LNG tanker are both anchored off Honningsvag, Norway, according to Refinitiv Eikon data.

https://www.aogdigital.com/component/k2/item/8097-novatek-kicksoff-yamal-lngs-train-3

U.S. Liquefied Natural Gas Poised For 'Biggest Year Ever'
Next year really is: "the beginning of the boom."

https://www.forbes.com/sites/judeclemente/2018/11/23/u-s-liquefied-natural-gas-poised-for-biggest-year-ever/#2f5f6cea16cb

Ja, vi får se. Tror nok amerikansk LNG eksport er noe som står høyt på listen når USA og Kina forhandler den nye handelsavtalen. Om det skulle komme en. I Januar neste år øker tolltariffene enda mer. Spørs om Kinas økonomi tåler det.. Behovet for LNG bare vokser i Kina, og USA ønsker å få igjen valuta for pengene de har investert i eksportterminalene.
Statene som eksportterminalene ligger i er klare Trump-stater. Blir ikke så populært om investeringene deres ikke gir den ventede avkastningen tenker jeg.

Flex Enterprise ryktes fixet til BP for +\- $200,000 pr dag for en reise. Ingen ventetid.

Hva kan vi forvente imorgen? Blir det fremdeles rødt eller bikker fe over i pluss, ser frem til å høre hva ledelsen guider. Markedet er jo brennhet men ser ikke ut som kurset vil bevege seg noe nordover. Håper vi får en positiv overraskelse i morgen.

Flex LNG Q3 Earnings Release
27 November 2018 - Hamilton, Bermuda

Flex LNG Ltd. (Oslo Børs: FLNG) (together with its subsidiaries, the “Company” or “Flex LNG”), an emerging leader in the Liquefied Natural Gas (“LNG”) shipping, today reports unaudited results for the three and nine months ended 30 September 2018.

Highlights for Third Quarter of 2018:
• On 9 July 2018, the Company took delivery of Flex Rainbow from Samsung Heavy Industries according to schedule. Flex Rainbow is the Company's fourth LNGC on the water while nine LNGCs are currently under construction.
• Reported Revenues for the third quarter 2018 of $19.0 million compared to $9.8 million in third quarter 2017 and $41.1 million for the first nine months of 2018 compared to $19.5 million for first nine months of 2017.
• Reported an EBITDA of $12.7 million compared to an EBITDA of $(4.1) million in third quarter 2017. The EBITDA for the first nine months of 2018 was $18.1 million compared to a negative EBITDA for first nine months of 2017 of $(13.9) million.
• Reported net profit/(loss) for the third quarter and the first nine months of 2018 of $1.2 million and $(3.5) million respectively, compared to a net (loss) in third quarter and first nine months of 2017 of $(4.0) million and $(11.7) million respectively.

Subsequent Events:
• On 11 October 2018, Flex LNG successfully conducted a Private Placement, raising gross proceeds of the NOK equivalent of USD 300 million, corresponding to NOK 2,464 million (based on a currency exchange rate of USD/NOK 8.21), through the placing of 172,938,947 new shares at a subscription price of NOK 14.25 per share. The Private Placement was significantly oversubscribed. Geveran Trading Co. Ltd. ("Geveran"), the Company's largest shareholder, has been allocated 57,646,316 shares for approximately USD 100 million, and will retain a 44.6% ownership in the Company following the Private Placement.
• On 11 October 2018, in connection with the $300m Private Placement, Flex LNG entered into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three high-end MEGI LNG carriers currently under construction at Daewoo Shipbuilding and Marine Engineering Co. Ltd. ("DSME") with scheduled delivery in 2020 and two high-end X-DF LNG carriers currently under construction at Hyundai Samho Heavy Industries Co., Ltd. ("HSHI") with scheduled delivery in 2021 (collectively the "Vessels"). The LNG newbuildings were acquired from affiliates of Geveran Trading Co. Ltd. the Company's largest shareholder.
• As interest for large modern vessels have been very high in the winter season, Flex LNG is pleased to announce that it has already covered all available days for the fourth quarter. We are thus in position to give guidance on the expected revenues for the fourth quarter. Based on the current backlog, Flex LNG expects that the revenues for the fourth quarter of 2018 will be approximately $ 35 million. This is considerably higher than the revenues of $ 19 million reported for the third quarter. Forward guidance is subject to regular operation including off-hire and acceptance of vessels by charters.

Øystein M Kalleklev, CEO/CFO comments:

"Flex LNG has rapidly become the largest owner of modern fifth generation LNG carriers with a fleet expansion from six to 13 vessels since we presented our first quarter results at end of May. Unlike the vast majority of other LNG shipping companies, we decided to strategically pursue shorter term employment until the shipping market showed signs of rebalancing. The market has now rebalanced with current fixtures now being agreed at all-time high rates. Thus, Flex LNG is very well positioned to reap the benefit of our strategy. This is somewhat evidenced by the company’s improved financial performance in the third quarter, but more importantly highlighted by the very strong guidance for the fourth quarter as well as the outlook for next year. We think the LNG shipping market will remain tight due to a combination of large increase in liquefaction capacity in the near, medium and long-term, limited fleet growth, increased ton/mileage and increased focus on improving air quality favoring the ongoing switch from coal to natural gas"

Third Quarter Result Presentation
Flex LNG will release its financial results for the quarter and nine months ended 30 September 2018 on Tuesday 27 November 2018 on or about 06:00 am CET.

In connection with the earnings release, a webcast and conference call will be held at 08:30 a.m. CET. In order to attend the webcast and/or conference call you may do one of the following:

Attend by Webcast:
Use to the follow link prior to the webcast:

https://edge.media-server.com/m6/p/tdxfc2te

Attend by Conference Call:
Applicable dial-in telephone numbers are as follows:
Norway: +47 2100 2610
United Kingdom: +44 (0)330 336 9105
United States: +1 929-477-0324
Confirmation Code: 3822806

A Q&A session will be held after the teleconference/webcast. Information on how to submit questions will be given at the beginning of the session. The presentation material which will be used in the teleconference/webcast can be downloaded on www.flexlng.com and replay details will also be available at this website.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs.

Godt resultat. Nå begynner pengene å rulle inn i kassen