GLNG (Update)

Golar LNG Limited

Energy


Presented:05/16/2014
Price:$43.71
Cap:$3.52B
Current Price:$38.09
Cap:$3.98B

Presented

Date05/16/2014
Price$43.71
Market Cap$3.52B
Ent Value$4.13B
P/E RatioN/A
Book Value$24.44
Div Yield6.1%
Shares O/S80.58M
Ave Daily Vol970,000
Short Int6.72%

Current

Price$38.09
Market Cap$3.98B
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, is engaged in the transportation, regasification and liquefaction, and trading of LNG. The company operates in two segments, Vessel Operations and Commodity Trading. 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. The company owns and operates a fleet of seven LNG carriers. As of December 31, 2013, it operated Golar LNG Partner LP's fleet of eight LNG carriers and FSRUs. Golar LNG Limited was founded in 1946 and is headquartered in Hamilton, Bermuda.

Please note, this is an update to Short - Golar LNG Limited (GLNG), which was originally presented on 10/16/2013.
Publicly traded companies mentioned herein: Golar LNG Ltd. (GLNG)

Highlights

The presenter is no longer short shares of Golar (GLNG) due to the share price appreciation in response to the hype surrounding the company’s active floating liquefied natural gas (FLNG) development efforts. The math surrounding converting old vessels is reasonable and the presenter can see how people model out huge upside; however, he believes bears will get another chance on GLNG and he intends to revisit the short position in due time.

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Idea Discussion

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