The P/S of the LNG wave dropped to 2.78. Just below the wave average of 2.85. This is mainly due to ADNOC that lost 11% of its market cap and is the biggest company in the wave. Other companies like $LNG and $VG are growing by 20% in revenues and market cap. The total revenues of the LNG wave grew by 16% QoQ and 45% YoY. The market cap grew 5% QoQ and 40% YoY. I think LNG is a safe option in the energy transition. Companies are growing with 45% YoY which is the most of all industries. I expect the P/S to rise above the average again next quarter.









