04/06
So there was a CLCO nibble to start the week. Two nibbles yesterday. And one more today. In some ways, CLCO seems to be in a similar place as FLNG was, 15-16 months ago. Some combination of medium and short term charter coverage, and vessels rolling off charter in the near term. The slight difference - FLNG had more spot trading vessels back then. Back then, I had an existing FLNG stake, and I slowly added to the stake in nibbles. Can CLCO complete a similar layering strategy? Seems like it is viable. CLCO have lower debt per vessel than FLNG. But, given FLNG newer fleet, that seems understandable.
Added more NAT today too.