LNG TankersBig fan of your newsletter. I think you are very smart and insightful. Question: Why do you prefer GLOG and GLNG over TGP? Would like to know your thoughts here. Thanks
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They are all riding the same broad wave of increased LNG shipping, but there are some differences — TGP is a very large and solid company, and will probably be more predictable than most others due to their long-term charters. GLOG I like because it is in a very aggressive growth mode with their fleet coming online very quickly over the next couple years, essentially growing from nothing, which creates rapid cash flow growth. GLNG I like because they have historically aggressive and opportunistic management and aim often to be short-term oriented in their charters, and because they have been pioneers in expanding the business through floating gasification and liquefaction units. I own only GLNG of those.