External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

<ul><li>GLNG has faced challenges in the past due to technology and capital allocation issues</li><li>Expected to achieve record earnings with new contracts for FLNG vessels</li><li>Potential for strong earnings growth and valuation of $50+ in the next few years due to increasing LNG demand in Asian markets</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

GLNG has faced challenges in the past due to technology and capital allocation issuesExpected to achieve record earnings with new contracts for FLNG vesselsPotential for strong earnings growth and valuation of $50+ in the next few years due to increasing LNG demand in Asian marketsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Golar Lng Ltd (GLNG) - Monday, Jun 24, 2024

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Marginal improvement in spot rates: Golar’s 2Q17 operating revenues increased by 13.1% q/q to USD 28.4m. EBITDA of negative USD 6.6m in 2Q17 was an improvement, compared to the negative USD 16.2m figure reported in 1Q17. The company’s TCE revenue doubled q/q to USD 16.6m, which the company attributed to an increase in the utilisation rates.Spot fleet: The Golar fleet is in the Cool Pool, together with Gaslog and Dynagas. Earnings during the quarter were lacklustre although Golar is of the view…

Marginal improvement in spot rates: Golar’s 2Q17 operating revenues increased by 13.1% q/q to USD 28.4m. EBITDA of negative USD 6.6m in 2Q17 was an improvement, compared to the negative USD 16.2m figure reported in 1Q17. The company’s TCE revenue doubled q/q to USD 16.6m, which the company attributed to an increase in the utilisation rates.Spot fleet: The Golar fleet is in the Cool Pool, together with Gaslog and Dynagas. Earnings during the quarter were lacklustre although Golar is of the view…

Golar LNG Ltd (GLNG US) - Project Delays Plague Golar; Downgrade to Neutral

DFRS Trading Idea 2017 #3 - Golar LNG - FLNG Conviction Gaining Ground for Top Pick in LNG ShippingWe reiterate our Attractive view on Golar LNG as we believe that high oil prices will help the prospects of its core business i.e. FLNG operations. Furthermore, the company has made material progress towards the completion of its first FLNG Hilli which is due to complete in 2H 2017, and its JV Golar Power also brings value to the table. We have assigned a fair value of USD 38, which is based on sum…

DFRS Trading Idea 2017 #3 - Golar LNG - FLNG Conviction Gaining Ground for Top Pick in LNG ShippingWe reiterate our Attractive view on Golar LNG as we believe that high oil prices will help the prospects of its core business i.e. FLNG operations. Furthermore, the company has made material progress towards the completion of its first FLNG Hilli which is due to complete in 2H 2017, and its JV Golar Power also brings value to the table. We have assigned a fair value of USD 38, which is based on sum…

DFRS Trading Idea 2017 #3 - Golar LNG - FLNG Conviction Gaining Ground for Top Pick in LNG Shipping

Bermuda

Golar LNG Limited is an independent owner and operator of liquefied Natural Gas (LNG) infrastructure including carriers, Floating Storage and Regasification Units (FSRUs) and Floating Liquefaction (FLNG) vessels.  Collectively these assets make Golar an integrated midstream LNG services provider supporting resource holders, gas producers and consumers.

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Golar Lng Ltd (GLNG US)

Golar Lng Ltd (GLNG) - Monday, Jun 24, 2024

GLNG has faced challenges in the past due to technology and capital allocation issues. Expected to achieve record earnings with new contracts for...

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