Avance Gas, BW LPG and Aurora all took a tumble during Monday trading in Oslo.
In a note to clients this morning Arctic Securities argued owners in the sector were now looking "seriously cheap".
Analyst Erik Nikolai Stavseth said: “While we realize that lower oil prices are putting an increasing amount of US NGL production at risk – and in turn potentially limiting LPG exports – we argue that VLGC stocks are priced at a level which will be below 20 year average on asset values when considering cash build through 2015.”
Avance
