The recent rally in LNG and LPG carrier rates has boosted Navigator Holdings and GasLog shares to near fair value, Evercore said in a note arguing the sectors will go in opposite directions in 2021.
Arbitrage spread for the cargoes, coupled with Panama Canal congestion and a chilly winter sent rates skyward at the start of the winter, boosting equity values with both New York-traded companies nearing price targets, the investment bank said on Wednesday.
