Two of the world’s largest VLGC owners have been upgraded by analysts at Clarksons Platou Securities.
Oslo-listed pair Avance Gas and BW LPG were shifted from neutral to buy on what the finance house calls valuation grounds.
Analysts Frode Morkedal and Herman Hildan noted that Avance Gas trades at a 50% discount to net asset value and that its stock implies long term spot rates of around $25,000 per day.
