Positive
Seeking Alpha
16 days ago
FLEX LNG: Attractive Valuation Amid LNG Tailwinds, But Dividend May Be Cut Soon
FLEX LNG remains a Buy, supported by solid financial health, strong cash flows, and exposure to long-term LNG growth trends. FLNG reported an 11% YoY adjusted revenue decline and maintained a $0.75/share dividend, but current TCE rates may lead to a dividend cut. The company's liquidity is robust, with no major debt maturities until 2029, and recent sale-leaseback and refinancing activities enhancing flexibility.