GLNG down 25% | AMNB Message Board Posts

American National Bankshares Inc.

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Msg  29028 of 29368  at  9/24/2020 8:46:49 PM  by


 In response to msg 29027 by  Palestone
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Re: GLNG down 25%

As far as buying the preferreds is concerned: If I see enough free cash flow to cover the common dividend, I might be encouraged to take a chance on the preferred. But keep in mind with shipping things can change drastically in short order. I already own some GLOGprA so I’m not interested in expanding that position. I read a few days ago that the nat gas market in Europe was starting to pick up ( prices going over $1 per million BTU ) so more shipments were anticipated. However, the Russians are trying to pump this stuff in from the east so there’s always going to be a competitive market for nat gas. I wouldn’t bet the ranch on this area.

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