Avance Gas shares lost further ground today following a second-quarter earnings miss, suspension of its dividend, a revision of its market view and a downgrade by Clarksons Platou Securities.
Oslo-listed Avance, a long-term market bull and dividend machine, admitted it was difficult to see a VLGC market recovery and predicted a challenging period though 2016 and 2017.
Its stock slid by 7.1%
