Apollo_CB

Medium term price target for FLNG

Lång
BATS:FLNG   FLEX LNG Ltd.
FLNG is part of my core dividend portfolio which is a recession based anchor that keeps my net worth safe while aiming to outperform short term treasuries. I have been adding to the position every time FLNG hits 30$. With fib extension I believe 44$ is in the cards by the middle of next year. FLNG carries a massive dividend and is a natural gas play that does not care about the price of LNG. This transport company uses debt well, and has grown exponentially since relocating to Bermuda with all of the tax benefits that arise. I am looking at this and another indirectly exposed stock as small cap growth/dividend mixture companies to help carry value through the impending and likely recession.

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