Avance Gas Holding Ltd (OTCPK:AVACF)
$ 6.83 0.08 (1.19%) Market Cap: 519.21 Mil Enterprise Value: 812.17 Mil PE Ratio: 1.91 PB Ratio: 1.07 GF Score: 74/100
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Q3 2023 Avance Gas Holding Ltd Earnings Call Transcript

Nov 28, 2023 / 01:00PM GMT
Release Date Price: $15 (-9.37%)
Ã;ystein Kalleklev
Avance Gas Holding Ltd. - CEO and Director

Thank you and good afternoon, and welcome to Avance Gas third quarter earnings presentation. As mentioned, my name is Ãystein Kalleklev, CEO of Avance Gas. And as usual, I will be joined by our CFO, Randi Navdal Bekkelund, who will guide you through the financial a bit later in the presentation.

As mentioned, you can submit questions either by the telephone conference or using the chat function, and we will cover the questions at the end of the presentation.

Before we begin, I would like to draw your attention to the picture on the front page. Here you can see Sirocco one of our VLGCs leaving the Panama Canal, which we thought would be an appropriate picture for today's presentation.

As you are probably aware that Panama has experienced significant draught this year, which have reduced water levels to such low levels that the [canal] properties have been forced to cut daily allow transit by half in order to preserve fresh water.

The reduced capacity in Panama has dramatically increased

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