Flex LNG (FLNG) 🚢

[Bingo123]

Ikke rart, den vil oss jo bare vondt

[odin1]

Tolmodighet
Den kommer fint opp en måned før kvartalsrapporten
Det er nå den må kjøpes når den er upopulær

[TekBot]

FLEX LNG agrees time charter with Endesa

FLEX LNG agrees time charter with Endesa

Hamilton, Bermuda
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December 19, 2019

Flex LNG Ltd (Flex LNG or the Company) (OSE/NYSE:FLNG) today announce that it has entered into a new time charter with Endesa for the vessel Flex Ranger. Endesa is a leading company in the Spanish electricity sector and the second largest operator in the Portuguese market as well as a subsidiary of Enel Group. The firm period under the new time charter is 12 months and will commence in direct continuation of an existing time charter with Enel which expires on or about June 2020. Endesa will also have the option to extend the time charter by an additional 12 months subsequent to the firm period maturing on or about June 2021.

Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS, commented:
“We are pleased to announce that Endesa has elected to time charter Flex Ranger in direct continuation of our existing time charter with Enel when this expires in June next year. This charter party adds additional revenue backlog to a first class charter in line with our communicated strategy.”

For further information, please contact:
Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
E-Mail: IR@flexlng.com

About FLEX LNG LTD
Flex LNG is shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of six LNG carriers on the water and seven newbuildings for delivery in 2020/21. All our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offers significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed both on the New York Stock Exchange (NYSE) and Oslo Stock Exchange (OSE) under the ticker “FLNG”.

Forward Looking Statements
This press release contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accepts any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs.

Kilde

[NoBrain]

Flex LNG’s CEO on the LNG Shipping Market (Podcast)

Summary

• Øystein Kalleklev, CEO of Flex LNG, joined Value Investor’s Edge Live to discuss the overall LNG shipping markets, US-China potential, and IMO 2020 impacts.
• Since Flex is a 100% third-generation player (they call it LNG 3.0), we also discussed the rate differentiation and potential markets for TFDE and steam turbine vessels.
• The discussion also touched on charters and capital allocation priorities.

References

• https://seekingalpha.com/article/4314508-flex-lngs-ceo-on-lng-shipping-market-podcast
• https://seekingalpha.com/article/4314855-flex-lngs-ceo-on-lng-shipping-market-podcast-transcript

[NoBrain]

Flex LNG - 2020, The Year It Flexes Its Muscles

FLEX LNG - 2020, The Year It Flexes Its Muscles

Summary

• FLEX LNG (FLNG US) owns and operates LNG carriers (LNGCs) and is the leading owner of 5th generation LNGCs which utilize the most advanced propulsion and fuel-efficient technology (MEGI).
• MEGI propulsion is 25% more fuel-efficient than Tri-Fuel Diesel Electric (TFDE), which in turn is approximately 40% more fuel efficient than steam allowing Flex to capture higher day rates.
• With less efficient steam ships rolling off contract, FLEX’s highly energy efficient ships will be in high demand allowing it to secure attractive term charters.
• Assuming US$75k/day rates would imply an FCF yield of 25% once its entire fleet is operational. We expect the majority of excess cash flow to be paid out in dividends.
• FLEX is trading at a steep discount to NAV (0.7x) despite its high quality fleet. At NAV, the stock would trade at US$14.6 vs. the current US$10.3 offering 40% upside.

References

• https://seekingalpha.com/article/4315595-flex-lng-2020-year-flexes-muscles

[TekBot]

Extension of the time-charter agreement for Flex Enterprise

Hamilton, Bermuda
January 15, 2020

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Flex LNG LTD (Flex LNG or the Company – OSE/NYSE: FLNG) today announce extension of the time-charter agreement for Flex Enterprise. With this extension, the firm period under the time charter is end of first quarter 2021. The charterer also has remaining extension options. The time charter rate is variable as a function of the overall market conditions.

Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management commented: “We are happy to announce another time charter extension, this time for Flex Enterprise. Flex LNG Fleet Management took over ship management responsibilities for this ship in November 2019 so we are particularly pleased that the charterer has elected to extend this time charter”.

For further information, please contact:

Øystein M. Kalleklev,
Chief Executive Officer
Flex LNG Management AS
Telephone: +47 23 11 40 00
E-Mail: IR@flexlng.com

Øystein M Kalleklev
Mobile: +47 90 88 56 65

Kilde

[TekBot]

Financial calendar

Financial calendar for FLEX LNG LTD

FINANCIAL YEAR 2019
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30.04.2020 - Annual Report

26.02.2020 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Flex LNG invitation to Investor Day and Q4 Earnings Release

Flex LNG invitation to Investor Day and Q4 Earnings Release

In connection with the scheduled 2019 fourth quarter and full year presentation, Flex LNG Ltd is pleased to invite investors, analysts, financiers and media to take part in our Investor Day on Wednesday February 26, 2020 at 14:30 CET.
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Agenda:

14:30 Registration and coffee

15:00 Investor Day presentation including interim report
for Q4-2019 and full year 2019

    Øystein M. Kalleklev, CEO Flex LNG 
    Harald Gurvin, CFO Flex LNG

16:15 Q&A session

16:45 Coffee break

17:00 LNG technology perspectives
Lars Pedersen, MD Flex LNG Fleet Management

17:25 Carbon capture explained
Torleif Madsen, CEO Compact Carbon Capture

17:50 Closing remarks

18:00 End of program

Venue for the event: Felix Conference Center, Bryggetorget 3, 0250 Oslo, Norway.

In order to attend the event you may do one of the following:

1. Attend the physical event at Felix Conference Center
   Please e-mail your attendance to: ir@flexlng.com prior to Monday February 24, 2020.

2. Attend Event by Webcast
   On conference day, go to the follow link: https://edge.media-server.com/mmc/p/7yprvtvc
   to register in order to view the webcast starting 15:00 CET on Wednesday February 26, 2020.

3. Attend Event by Conference Call
   On conference day, call one of the following participant dial-in telephone numbers:
   Norway: +47 21 56 31 62
   United Kingdom: +44 (0) 203 0095710
   United Kingdom (local): 0844 493 3857
   United States (Toll Free): +1 866 869 2321

Confirmation Code: 1758646

Participants will be asked for their full name & Conference ID. Replay details will be available at www.flexlng.com

The presentation material and the Q4 2019 earnings release will be made available on www.newsweb.no and www.flexlng.com on or about 07:00am CET on Wednesday February 26, 2020.

For details, contact: Harald Gurvin, CFO Flex LNG Management AS
Telephone: +47 23 11 40 00

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

Financial calendar

Financial calendar for FLEX LNG LTD

FINANCIAL YEAR 2019
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30.04.2020 - Annual Report

26.02.2020 - Quarterly Report - Q4

FINANCIAL YEAR 2020

31.08.2020 - Half-yearly Report
30.04.2021 - Annual Report
20.11.2020 - Annual General Meeting

29.05.2020 - Quarterly Report - Q1
30.11.2020 - Quarterly Report - Q3
26.02.2021 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[NoBrain]

Nyhetsartikler februar 2020

Danske Bank nedjusterer kursmålet for Flex LNG

Avstår fra økt utbytte av frykt for corona

Flex LNG-topper kjøper aksjer

Påtroppende direktør bygger beholdning i Flex LNG

[TekBot]

FLNG – Q4 2019 Presentation

FLNG – Q4 2019 Presentation

Please find enclosed the presentation of Flex LNG Ltd.’s fourth quarter 2019 results to be held on the investor day and through webcast/conference call February 26, 2020 at 3:00 p.m. CET (9:00 a.m. EST).
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Attend by Webcast:

Use to the follow link prior to the webcast: https://edge.media-server.com/mmc/p/7yprvtvc

Attend by Conference Call:

Applicable dial-in telephone numbers are as follows:
Norway: +47 21 56 31 62
United Kingdom: +44 (0) 203 0095710
United Kingdom (local): 0844 493 3857
United States (Toll Free): +1 866 869 2321

Confirmation Code: 1758646

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Kilde

[Annab]

2020 estimates are going to come down, but even with a spot-rate average of USD 62,500/day this year Flex will generate NOK 8 of EPS (NOK 14 once fully invested)

With the lowest cash break-even and highest quality fleet we believe Flex is priced completely out of whack (the fleet is brand new), and would expect the Fredriksen-system to take the company private if this continues. LNG volumes will grow, and implied pricing of USD 151m is some USD 35m below newbuild cost

Fra pareto i dag, sier vel sitt. Utrolig underpriset

[TekBot]

Notification of primary insider

Hamilton, Bermuda. February 26, 2020.

Flex LNG Ltd (“Flex LNG” or the “Company”) hereby announces that the following primary insiders have today acquired shares in Flex LNG:
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Mr. Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS, has today acquired 5,000 shares in Flex LNG at a price of NOK 60.00. Following the transaction, Mr. Kalleklev holds 40,000 shares in Flex LNG and options for a further 60,000 shares. These options have a strike price of $ 14.20 per share equivalent to about NOK 133.50 per share with USD/NOK 9.40 and vest equally one third over a three-year vesting period.

Mr. Halfdan Marius Foss, Head of Shipping and Operations of Flex LNG Management AS, has today acquired 5,000 shares in Flex LNG at a price of NOK 59.90. Following the transaction, Mr. Foss holds 6,264 shares in Flex LNG and options for a further 45,000 shares. These options have a strike price of $ 14.20 per share equivalent to about NOK 133.50 per share with USD/NOK 9.40 and vest equally one third over a three-year vesting period.

Mr. Harald Gurvin, Chief Financial Officer of Flex LNG Management AS, has today acquired 5,000 shares in Flex LNG at a price of NOK 60.00. Following the transaction, Mr. Gurvin holds 15,000 shares in Flex LNG and options for a further 30,000 shares. These options have a strike price of $ 17.50 per share equivalent to about NOK 164.50 per share with USD/NOK 9.40 and vest equally one third over a three-year vesting period.

For more info please contact: Harald Gurvin, Chief Financial Officer. Telephone +47 23 11 40 00

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs

Kilde

[TekBot]

FLNG - Key information relating to the dividend for the fourth quarter, 2019

Key information relating to the dividend to be paid by Flex LNG Ltd. for the fourth quarter 2019:

Dividend amount: $0.10
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Declared currency: USD

Last day including right: 9 March 2020

Ex-date: 10 March 2020

Record date: 11 March 2020

Payment date: On or about 25 March 2020

Date of approval: 25 February 2020

This information is published in accordance with the requirements of the Continuing Obligations.

Kilde

[NoBrain]

Nyhetsartikler mars 2020

DNB Markets kutter kursmål – anbefaler tre aksjer

https://seekingalpha.com/article/4329459-coronavirus-shopping-list-top-12-maritime-bargains

Fredriksen øker i gass

https://finansavisen.no/nyheter/bors/2020/03/09/7505077/meglerhuset-anbefaler-ikke-shippingaksjer

John Fredriksen laster opp i gass

[Kaisovski]

https://www.bloomberg.com/amp/news/articles/2020-03-05/china-s-cnpc-issues-lng-force-majeure-amid-virus-slowdown?__twitter_impression=true

[TekBot]

FLNG: DISCLOSURE OF TRADE

Geveran Trading Co. Limited (“Geveran”), a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 6 March 2020 acquired 100,000 shares in Flex LNG Ltd (“Flex LNG”) at a purchase price of NOK 52.5002 per share. Following the acquisition, Geveran will own 24,233,811 shares in Flex LNG which will constitute 44.79% of the shares and votes in Flex LNG. Geveran controls in addition TRS agreements with exposure to totally 825,000 shares in Flex LNG Ltd. The foregoing calculations are based on 54,110,584 outstanding shares in Flex LNG. This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.
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Kilde

[TekBot]

NOTIFICATION

Geveran Trading Co. Ltd. (“Geveran”), a company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family, has settled Total Return Swap (TRS) agreements underlying 825,000 shares in Flex LNG Ltd. expiring March 6th, 2020 and subsequently entered into a new TRS Agreement underlying the same number of shares 825,000. New expiry date is June 8th, 2020 and new TRS price is NOK 53.7425 per share. Geveran’s affiliated ownership in Flex LNG Ltd. is following this transaction unchanged 24,233,811 shares, constituting 44.79 percent of the issued share capital. Geveran controls after this in addition TRS agreements with exposure to totally 825,000 shares in Flex LNG Ltd.
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Kilde

[E24Bot]

Stanset handelen i 31 aksjer på Børsen

[TekBot]

FLNG: DISCLOSURE OF TRADE

Geveran Trading Co. Limited (“Geveran”), a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 9 March 2020 acquired 310,000 shares in Flex LNG Ltd (“Flex LNG”) at a purchase price of NOK 49.7048 per share. Following the acquisition, Geveran will own 24,543,811 shares in Flex LNG which will constitute 45.36% of the shares and votes in Flex LNG. Geveran controls in addition TRS agreements with exposure to totally 825,000 shares in Flex LNG Ltd. The foregoing calculations are based on 54,110,584 outstanding shares in Flex LNG. This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.
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Kilde