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    Mike Webber

    Research Analyst at Webber Research

    Mike Webber is Managing Partner and co-founder at Webber Research & Advisory, specializing in energy infrastructure, renewables, LNG, shipping, and transportation finance. He covers leading public companies across LNG, shipping, and equipment leasing, and has been ranked the #1 Shipping & LNG analyst by Institutional Investor from 2015 to 2019, as well as being the #1 stock picker in the sector by the Financial Times in 2013. Webber began his career after graduating from the University of Virginia in 2004, previously serving as Managing Director & Head of LNG, Shipping & Equipment Leasing Research at Wells Fargo and as a senior member of Deutsche Bank’s Transportation Equity Research team before co-founding Webber Research in 2019. He is a CFA Charterholder, recognized by NAMEPA for his ESG contributions, and has been listed among Business Insider’s Rising Stars of Equity Research Under 35.

    Mike Webber's questions to Cool Co (CLCO) leadership

    Mike Webber's questions to Cool Co (CLCO) leadership • Q4 2023

    Question

    Asked about the economics of the Husky's upgrades, the full impact of Red Sea rerouting, charterer behavior regarding new LNG volumes, returns on newbuilds, and balance sheet flexibility.

    Answer

    The economic benefit from the Husky's upgrades will be calculated by comparing pre- and post-drydock performance and then shared with the charterer. The full impact of Red Sea rerouting is still to come as more LNG volumes are forced to travel longer distances. Newbuild returns require rates over $100k/day, creating a bid-offer spread in the current market. Regarding financing, the company chose to upsize a longer-maturity facility for better terms, though the shorter-term one also had capacity.

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    Mike Webber's questions to NORDIC AMERICAN TANKERS (NAT) leadership

    Mike Webber's questions to NORDIC AMERICAN TANKERS (NAT) leadership • Q4 2016

    Question

    Mike Webber of Wells Fargo Securities asked if the company plans to continue holding quarterly calls, questioned the sustainability of the dividend during expansion, and sought clarity on the growth strategy, including potential expansion into other asset classes and valuation metrics for acquisitions. He also probed for the company's maximum leverage threshold.

    Answer

    Chairman & CEO Herbjørn Hansson stated he was undecided about future calls. He affirmed a strong commitment to paying a dividend, though the amount may vary. Hansson rated the probability of expanding beyond Suezmaxes as "very low," dismissed Net Asset Value (NAV) as an irrelevant metric for acquisitions, and declined to set a specific leverage limit, emphasizing a highly conservative approach with a preference for high equity levels.

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