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.