AVANCE GAS HOLDINGS LTD

Avance Gas Holding is principally engaged in the transportation of Liquefied Petroleum Gas ("LPG"). Co. operates a fleet of 14 Very Large Gas Carriers, providing transportation services to oil majors and traders of LPG on a global basis. Co. transports LPG from the Middle East and the U.S. Gulf or U.S.loan facility from BCBloan facility from BCB(excludes dividends satisfied by issue of shares) East Coast to destinations in Europe, South America and Asia.
  • TickerAVACF
  • ISINBMG067231032
  • ExchangePink OTC Markets
  • SectorIndustrial Transportation
  • CountryUnited States

Analysts

Nicolay Dyvik

Shipping LPG Sector (DNB Markets) - Upcycle could last until 2022e

We reiterate our BUYs for the VLGC owners, as believe the upcycle could last until 2022e. We forecast a 2020 VLGC rate of USD50k/day (USD38k/day), and believe this could overshoot USD100k/day in the summer as demand fundamentals in Asia still look promising.

Nicolay Dyvik

SHIPPING: Phase 1 could increase tanker demand by more than 2%

In its Phase 1 trade document, China pledges to increase US exports of energy products by a total amount of USD18.5bn in 2020, then USD33.9bn, reaching USD52.4bn by 2021. Energy is defined as LNG, crude oil, refined products (including LPG) and coal. The value of US exports of crude, LNG and LPG in 2017 was USD6.7bn, of which two-thirds was crude. Assuming crude will account for 50% of the increment, US exports to China by 2021 could rise to 1.3mbpd. The pure substitution effect should see additional demand for ~30 VLCCs, or more than a 2% increase in crude tankers demand. Similar effects shou...

Avance Gas Holding Ltd: 1 director sold

A director at Avance Gas Holding Ltd sold 2,478,799 shares at 53.500NOK and the significance rating of the trade was 82/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Nicolay Dyvik

Shipping Summary (DNB Markets) - Decarbonisation could extend cycle (49 pages)

Wallenius Wilhelmsen, Stolt-Nielsen and Flex LNG are our top picks for 2020, as our LPG and Tankers stocks have upside potential of only 4–7%. For further upside potential there, you need to discount a cycle extension.

Nicolay Dyvik

Shipping LPG Sector (DNB Markets) - Upcycle could last until 2022e

We reiterate our BUYs for the VLGC owners, as believe the upcycle could last until 2022e. We forecast a 2020 VLGC rate of USD50k/day (USD38k/day), and believe this could overshoot USD100k/day in the summer as demand fundamentals in Asia still look promising.

Nicolay Dyvik

SHIPPING: Phase 1 could increase tanker demand by more than 2%

In its Phase 1 trade document, China pledges to increase US exports of energy products by a total amount of USD18.5bn in 2020, then USD33.9bn, reaching USD52.4bn by 2021. Energy is defined as LNG, crude oil, refined products (including LPG) and coal. The value of US exports of crude, LNG and LPG in 2017 was USD6.7bn, of which two-thirds was crude. Assuming crude will account for 50% of the increment, US exports to China by 2021 could rise to 1.3mbpd. The pure substitution effect should see additional demand for ~30 VLCCs, or more than a 2% increase in crude tankers demand. Similar effects shou...

Nicolay Dyvik

Shipping Summary (DNB Markets) - Decarbonisation could extend cycle (49 pages)

Wallenius Wilhelmsen, Stolt-Nielsen and Flex LNG are our top picks for 2020, as our LPG and Tankers stocks have upside potential of only 4–7%. For further upside potential there, you need to discount a cycle extension.

Dennis Anghelopoulos ...
  • Lukas Daul

Avance Gas Holding - Orders 2 dual fuel VLGCs

Delivery expected in late 2021/early 2022 Flexible concept… …but others may follow

Nicolay Dyvik

SHIPPING: Impact of phase one trade deal

In a 23 August update, we pointed out that the US-China trade war had hurt crude, LNG and LPG, and that a further escalation was likely. While the full extent is yet to be known, the “phase one” deal would positively impact dry bulk trade, and could see positive effects for container trade. Energy-related products would be positively affected if part of the USD200bn of purchases from the US that China has pledged to make, and is likely to be rewarded in further phases.

Avance Gas Holding Ltd: 1 director sold

A director at Avance Gas Holding Ltd sold 2,478,799 shares at 53.500NOK and the significance rating of the trade was 82/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Jimi Lehtonen ...
  • Martin Arnell
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Helene Kvilhaug Brøndbo
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Jesper Ingildsen ...
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Håkon Astrup ...
  • Jesper Ingildsen
  • Jørgen Lian
  • Mattias Montgomery
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

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