GLNG

Golar LNG Limited

Energy


Presented:10/16/2013
Price:$35.19
Cap:$2.83B
Current Price:$38.09
Cap:$3.98B

Presented

Date10/16/2013
Price$35.19
Market Cap$2.83B
Ent Value$3.06B
P/E RatioN/A
Book Value$24.44
Div Yield5.8%
Shares O/S80.52M
Ave Daily Vol550,000
Short Int4.84%

Current

Price$38.09
Market Cap$3.98B
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification and liquefaction, and trading of LNG. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRU); and the development of LNG projects. As of December 31, 2012, the company owned and operated a fleet of six LNG carriers; and operated Golar LNG Partner LP's fleet of seven LNG carriers and FSRUs. Golar LNG Limited was founded in 1946 and is headquartered in Hamilton, Bermuda.

Please note, this idea was updated on 4/27/2014 and can be read here: Short - Golar LNG Limited (GLNG) (Update).

Highlights

Golar (GLNG) is a midstream liquefied natural gas (LNG) player that has made a huge bet on the future demand to ship LNG via specialized carriers overseas (the company also developed the world’s first Floating Storage and Regasification Unit (FSRU)). The presenter said GLNG has spent ~$2 billion to build 13 new tankers, and is delivering all of them into a bad market. He expects the timing issue to ultimately be an overhang on GLNG’s earnings and stock, and is short shares for the following reasons:

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Idea Discussion

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