A few years ago Gaslog became a publicly traded company and debuted at around $12 per share. In less than a year and a half later the stock traded over $30 per share. Since that time the stock has been in an almost perpetual state of decline. This February it trade for under $6 per share.
Currently the stock trades for around $13.50 and has a dividend yield a little over 4% annually. As an international transporter of natural gas, the swings high and low in commodity prices can weigh heavily on the future success of the company. That’s a given. Putting fundamental analysis aside for the time being, I will call attention to the technical setup that we are seeing in the current chart for GLOG.
GLOG has advanced at a quite consistent rate since the February low it set. It has brought with it higher highs in a near-term analysis. What has caused this change? Well, look no further than the price change in natural gas (below). Actually, the NG spot price chart is to a degree a reflection of where GLOG was and where it is now. GLOG is a commodity driven business and investors are treating the stock just like the commodity is lives and dies by. If you’re bullish on natural gas and want some exposure to its potential to increase further, then GLOG is your ticket.