Maritime, Commodities & Energy, Capital Link

Capital Link

Maritime, Commodities & Energy

Capital Link is a strategic advisory, investor relations and financial communications firm focusing on the maritime, energy and commodities sectors, Closed-End Funds & ETFs and emerging markets (Greece).

Equity Bottom-Up

<ul>
<li>In this episode of Capital Link’s Trending News Podcast, CEO Mads Peter Zacho reviews Navigator Gas’ (NYSE: NVGS) performance, market outlook, and positioning across LPG, ethylene, and ammonia shipping markets.</li>
<li>He discusses the impact of trade uncertainty, Middle East tensions, strong U.S. export growth, longer-haul trade routes, and improving supply-demand fundamentals supported by limited vessel deliveries.</li>
<li>Mr. Zacho also highlights Navigator Gas’s ammonia transportation strategy, specialized fleet positioning, favorable vessel supply dynamics, and capital return policy, including dividends and share buybacks, while outlining several key catalysts shaping the company’s outlook for 2026.</li>
</ul>


In this episode of Capital Link’s Trending News Podcast, CEO Mads Peter Zacho reviews Navigator Gas’ (NYSE: NVGS) performance, market outlook, and positioning across LPG, ethylene, and ammonia shipping markets.
He discusses the impact of trade uncertainty, Middle East tensions, strong U.S. export growth, longer-haul trade routes, and improving supply-demand fundamentals supported by limited vessel deliveries.
Mr. Zacho also highlights Navigator Gas’s ammonia transportation strategy, specialized fleet positioning, favorable vessel supply dynamics, and capital return policy, including dividends and share buybacks, while outlining several key catalysts shaping the company’s outlook for 2026.


Navigator Gas Bets on Supply Chain Shifts as U.S. Exports Gain from Middle East Disruption

<ul><li>February 2, 2026 - In this episode of Capital Link’s 2026 Corporate Presentation Series, Navigator Gas (NYSE: NVGS) presented an update on its recent developments, highlighting its return of capital strategy through increased dividends and share buybacks, while also discussing fleet utilization, earnings performance, and future growth opportunities across multiple shipping segments.</li><li> The discussion emphasized Navigator Gas’s operational flexibility, disciplined capital allocation, and strategic positioning across essential gas transportation markets, underscoring how these elements support stable performance and long-term growth across both its shipping and marine midstream platforms.</li><li>The conversation featured NVGS’s management team, led by CEO Mr. Mads Peter Zacho, who discussed the Company’s unique market position with Mr. Gary Chapman, CFO, Mr. Oeyvind Lindeman, CCO, and Mr. Randy Giveans, EVP - Head of IR & Business Development.</li></ul>

February 2, 2026 - In this episode of Capital Link’s 2026 Corporate Presentation Series, Navigator Gas (NYSE: NVGS) presented an update on its recent developments, highlighting its return of capital strategy through increased dividends and share buybacks, while also discussing fleet utilization, earnings performance, and future growth opportunities across multiple shipping segments. The discussion emphasized Navigator Gas’s operational flexibility, disciplined capital allocation, and strategic positioning across essential gas transportation markets, underscoring how these elements support stable performance and long-term growth across both its shipping and marine midstream platforms.The conversation featured NVGS’s management team, led by CEO Mr. Mads Peter Zacho, who discussed the Company’s unique market position with Mr. Gary Chapman, CFO, Mr. Oeyvind Lindeman, CCO, and Mr. Randy Giveans, EVP - Head of IR & Business Development.

Navigator Gas: Flexible Fleet, Disciplined Growth, and a Supportive Market Outlook

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.</li>
<li>Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.
Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report


Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

<ul>
<li>The SPX gapped-up to reverse its 1-month downtrend on 5/3/24, followed by another upside gap on 5/6/24, and yet another on 5/15/24 on the breakout to all-time highs</li>
<li>All of these gaps remain unfilled which signals upside power, a very bullish sign. These gaps at 5250-5263, 5127-5142, and 5073-5101 are now areas to expect short-term support, if tested.</li>
<li>Market dynamics remain healthy and the S&amp;P 500, Nasdaq 100, and DJI are all breaking out to new all-time highs, helping validate our bullish outlook.</li>
</ul>


The SPX gapped-up to reverse its 1-month downtrend on 5/3/24, followed by another upside gap on 5/6/24, and yet another on 5/15/24 on the breakout to all-time highs
All of these gaps remain unfilled which signals upside power, a very bullish sign. These gaps at 5250-5263, 5127-5142, and 5073-5101 are now areas to expect short-term support, if tested.
Market dynamics remain healthy and the S&amp;P 500, Nasdaq 100, and DJI are all breaking out to new all-time highs, helping validate our bullish outlook.


New All-Time Highs Validates Our Bullish Outlook; Risk-On Signals Abound. Buys in Aluminum, Shippers

<ul>
<li>The SPX is at 4165-4200 support, and the Nasdaq 100 (QQQ) is at $350-$355 support. No "decisive" breakdowns quite yet as supports show signs of holding.</li>
<li>Russell 2000 (IWM) is testing 1.5-year support at $162-$163, making this a logical spot for small-caps to bounce and an attractive risk/reward for buyers</li>
<li>Continue to see signs of breadth possibly bottoming-out. Both the SPX and Russell 2000 and the % of stocks above their 50-day and 20-day MAs display bullish breadth divergences.</li>
</ul>


The SPX is at 4165-4200 support, and the Nasdaq 100 (QQQ) is at $350-$355 support. No "decisive" breakdowns quite yet as supports show signs of holding.
Russell 2000 (IWM) is testing 1.5-year support at $162-$163, making this a logical spot for small-caps to bounce and an attractive risk/reward for buyers
Continue to see signs of breadth possibly bottoming-out. Both the SPX and Russell 2000 and the % of stocks above their 50-day and 20-day MAs display bullish breadth divergences.


Bullish Breadth Divergences Persist; Russell 2000 Testing 1.5-Year Support; Buys in Education Svcs

United States

Navigator Holdings Ltd. owns and operates a fleet of handysize liquefied gas carriers. It also provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. The company currently operates twenty one handysize gas carriers, with three additional vessels and seven confirmed new buildings, making a total fleet of thirty owned handysize gas carriers and one chartered-in vessel. Navigator Holdings was founded in 1997 and is headquartered in London, the United Kingdom.

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Navigator Holdings (NVGS US)

Navigator Gas Bets on Supply Chain Shifts as U.S. Exports Gain from Middle East Disruption

In this episode of Capital Link’s Trending News Podcast, CEO Mads Peter Zacho reviews Navigator Gas’ (NYSE: NVGS) performance, market outlook, and...

Capital Link

Navigator Gas: Flexible Fleet, Disciplined Growth, and a Supportive Market Outlook

February 2, 2026 - In this episode of Capital Link’s 2026 Corporate Presentation Series, Navigator Gas (NYSE: NVGS) presented an update on its...

Capital Link

Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

More Upside Ahead for Gold $GLD and Silver $SLV Following Oct. 29 Buys; $DXY Below $100.25 a Risk-On Signal; Downgrading Services to Market Weight;...

Vermilion Research

New All-Time Highs Validates Our Bullish Outlook; Risk-On Signals Abound. Buys in Aluminum, Shippers

New All-Time Highs Validates Our Bullish Outlook $SPX $QQQ $DJI; Risk-On Signals Abound. Three SPX upside gaps in May signals bulls firmly in...

Vermilion Research

Bullish Breadth Divergences Persist; Russell 2000 Testing 1.5-Year Support; Buys in Education Svcs

$RTY $IWM $SPX $SPY and the % of stocks above their 50-day MAs (and 20-day MAs) display bullish breadth divergences. Similar bullish divergences in...

Vermilion Research

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