Great article on GLNG and some shocking news | GLNG Message Board Posts

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Msg  3449 of 3455  at  3/19/2020 12:11:44 PM  by

ex_hacker202


Great article on GLNG and some shocking news

Really long article but worth the read:
 
  
 
What's shocking explains why GLNG has traded with the price of crude despite it having no link to oil:
 
Last but not least, Golar is incorrectly correlated with oil. In fact, Golar is a constituent of the Oil-field Services index (OSX). I think the vast majority of the poor performance in the past two years is a result of the correlation to this index. Algos are programmed to short all companies related to oil & gas without having enough knowledge about what the company actually does.
 
The OSX is composed of offshore drillers, drilling service companies, and oil tanker companies - what a crock! This may seriously change my feelings about GLNG - it's always going to be controlled somewhat by bots shorting the oil sector instead of trading on it's own merits - who knew it was in this little known NASDAQ index?
 
 
Symbol
Company Name
DO Diamond Offshore Drilling, Inc.
SDRL Seadrill Limited
HP Helmerich & Payne, Inc.
DRQ Dril-Quip, Inc.
GLNG Golar LNG Limited
NBR Nabors Industries Ltd.
TNK Teekay Tankers Ltd.
RIG Transocean Ltd.
HAL Halliburton Company
APY Apergy Corporation
OII Oceaneering International, Inc.
SLB Schlumberger Limited
NOV National Oilwell Varco, Inc.
CLB Core Laboratories N.V.
OIS Oil States International, Inc.
 
 
 


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Msg # Subject Author Recs Date Posted
3450 Re: Great article on GLNG and some shocking news ex_hacker202 3 3/23/2020 3:24:04 PM






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