Long Position on FLNG @ $22.75 on 3/2/2022 (Fundamentals)

Flex LNG Ltd. (FLNG), through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide.

As of March 15, 2021, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and three generation X dual fuel LNG carriers. It also provides chartering and management services.

Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.

Vessel operating revenue of $114.6 million for Q4 2021 ended Dec. 31 was up from $67.4 million in the year-ago quarter. Earnings increased to $1.30 per diluted share from $0.48 per share in Q4 2020.

As this liquefied natural gas company ships a fleet of 13 different LNGs, it should continue to increase with the rise of inflation and commodities.

Entry Point: $22.75

Stop Loss: $21.75

Trading Range: $8.00 - $26.26

Target Pirce: $25.00

Position closed on 3/4/2022 at price of $21.75 with a -4.40% loss in 2 days.

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