Michael Webber has followed the company ever since it completed a fundraiser in Oslo but formally initiated research coverage of its New York-listed shares on Monday.
In a note to clients the forecaster reiterated an “outperform” rating that reflects his faith in the US LPG carrier operator and the underlying fundamentals of the segment in general.
“Given its valuation (1.1x NAV, well below its peer group avg of 1.5x),
