Traders Cooperative

[Joe Stocks]

Added some FLNG on this pullback at 19.93. Puts my average cost at 19.15 less the 75 cent dividend in November. They report tomorrow morning. Do not know why we are seeing a 95 pullback other than the Russia news. FLNG pays a heafty dividend. Usually that is a warning sign.

"FLNG is involved in shipping LNG using its fleet of 13 modern LNG carriers. The average age of its fleet is around 2 years and all of it ships have modern & energy efficient propulsion systems; MEGI or X-DF. Of the 13 ships operated by FLNG, 9 are owned by the company and 4 are under bareboat lease agreements from different lessors."

FLNG is not without risk. Good read and summation of those risk.
https://seekingalpha.com/article/4486719-flex-lng-stock-high-risk-investment

I have only about a 1% position in this holding.