THE UP World lng Shipping Index (UPI) lost five per cent recently, though it may see its last decline, reports Prague's UP-indices.com.
LNG enthusiasts say the situation warrants optimism because, with this decline, the UP index reached the lower limit of the Bollinger band.
Only two companies could push their share prices to positive values last week.
The most of 14.5 per cent went to Dynagas LNG Partners (NYSE: DLNG), which extended the contract for one of its ships.
Although the increase is significant, the growth of the other company is more notable.
It was Qatar's Nakilat (QSE: QGTS), gaining four per cent but confirmed not only its growth trend but the trend of the industry.
Aside from Shell's half-per cent gain, everyone else was losing.
The already mentioned NFE wrote off the most. It was followed by Flex LNG (NYSE / OSE: FLNG), which lost eight per cent.
Excelerate Energy (NASDAQ: EE) experienced a six-tenths smaller decline, and another Norwegian representative Cool Company (OSE: COOL), lost 6.3 per cent.
This decline might be one of the last, if not the last, to occur in the current correction.
SeaNews Turkey
LNG enthusiasts say the situation warrants optimism because, with this decline, the UP index reached the lower limit of the Bollinger band.
Only two companies could push their share prices to positive values last week.
The most of 14.5 per cent went to Dynagas LNG Partners (NYSE: DLNG), which extended the contract for one of its ships.
Although the increase is significant, the growth of the other company is more notable.
It was Qatar's Nakilat (QSE: QGTS), gaining four per cent but confirmed not only its growth trend but the trend of the industry.
Aside from Shell's half-per cent gain, everyone else was losing.
The already mentioned NFE wrote off the most. It was followed by Flex LNG (NYSE / OSE: FLNG), which lost eight per cent.
Excelerate Energy (NASDAQ: EE) experienced a six-tenths smaller decline, and another Norwegian representative Cool Company (OSE: COOL), lost 6.3 per cent.
This decline might be one of the last, if not the last, to occur in the current correction.
SeaNews Turkey
