OB:BWLPGOil and Gas
BW LPG (OB:BWLPG) Stock Faces Trading Swings Despite Strong Freight Rates
BW LPG closed at NOK225.2 after the Q2 print, with the stock coming off a strong 90 day run of about 24%. The headline is simple: the fleet kept earning high freight with underlying spot time charter equivalent rates around US$85,000 to US$88,000 per day, yet reported earnings landed at US$0.79 per share as accounting for derivatives and trading swings pulled headline profit down.
Short term traders are fixated on that softer earnings per share. Long term investors are more likely to focus on...