reports
- Jørgen Lian
Golar LNG (Hold, TP: USD44.00) - Priced to match current potential
We have witnessed a re-rating in the stock following a simplification of the company’s structure, mostly completed by recent asset sales and full ownership of Hilli, while traction for FLNG projects has raised market expectations. With the near-term ramping up of Gimi and final confirmation and forthcoming details for Hilli and the FLNG #3, we believe the valuation largely reflects the company’s current potential. We have downgraded to HOLD (BUY), but raised our target price to USD44 (42).
Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment
Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment Golar LNG Limited (“Golar”) announces today that it has executed agreements to sell the 2003 built steam turbine LNG carrier, Golar Arctic. The sale price for the vessel is USD 24 million before transaction related expenses. The LNG carrier is unencumbered. The transaction is expected to close, and the vessel is to be handed over to its new owner, within Q1 2025. The Golar Arctic is the last LNG carrier in the Golar fleet. Following the vessel sale, Golar will have fully exited its legacy shipping business. The LNG carr...
- Jørgen Lian
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SBL SAFE BULKERS INC.
LPG DORIAN LPG
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MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
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AMSC AMERICAN SHIPPING COMPANY ASA
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Golar LNG Limited – Q4 2024 results presentation
Golar LNG Limited – Q4 2024 results presentation Golar LNG's 4th Quarter 2024 results will be released before the NASDAQ opens on Thursday, February 27, 2025. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday February 27, 2025. The presentation will be available to download from the Investor Relations section at We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should a...
Sale of Shareholding in Avenir LNG Limited
Sale of Shareholding in Avenir LNG Limited Golar LNG Limited (“Golar”) has entered into a share purchase agreement for the sale of all its shares in Avenir LNG Limited ("Avenir LNG" or “Avenir”) to Stolt-Nielsen Gas Ltd. for a total consideration of approximately USD 40 million (the "Transaction"). The Transaction is expected to be completed during the first quarter of 2025, subject to fulfilment of the conditions under the share purchase agreement. Golar will remain a 25% shareholder and debt provider to Higas Srl, the HIGAS LNG storage terminal in Sardinia, (“HIGAS”) that was spun off f...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
ABGSC Shipping Daily 22 January
Tanker, dry bulk and LPG markets down, Shipping peer group trades at P/NAV 0.74x, GLNG: Gimi receives first gas from the GTA field, Gulf of Aden arrivals down 76% by capacity, Panama Canal - Transits remains in line with pre-drought levels, Gatun Lake monitor - Water levels projected lower.
FLNG Gimi Received First Gas From the GTA Field
FLNG Gimi Received First Gas From the GTA Field Golar LNG Limited (“Golar”) is pleased to announce that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake advanced commissioning work. Receipt of gas from the FPSO allows the full commissioning activity to ramp up. The first LNG export cargo is now expected within Q1 2025, and full Comm...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
Golar Acquires All Outstanding Minority Interests in the FLNG Hilli
Golar Acquires All Outstanding Minority Interests in the FLNG Hilli Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share ...
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- Jørgen Lian
Golar LNG (Buy, TP: USD42.00) - Primed for a decisive 2025
The FLNG business should see a steady stream of news flow over the next 12 months that we expect to confirm, and then add to, Golar LNG’s valuation. Potential cash flow underpins an attractive investment case in our view. As projects firm up, we believe investors should gravitate towards appealing multiples and long-term visibility. Hence, we reiterate our BUY and USD42 target price.
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
Key information relating to the cash dividend to be paid by Golar LNG ...
Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG) Reference is made to the third quarter 2024 report released on November 12, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around December 2, 2024. The record date will be November 25, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”): ...
Interim results for the period ended September 30, 2024
Interim results for the period ended September 30, 2024 Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027. Received reservation notice for FLNG Hilli under definitive agreements with Pan American Energy (“PAE”) for 20-year FLNG deployment in Argentina. Strong progress on FLNG commercial opportunities.Agreed commercial reset of pre-COD contract mechanisms with bp for FLNG Gimi (“the commercial reset”).FLNG Hilli maintains market-leading operational track record. Golar reports a Q3 2024 (“Q3” or “the quarter”) Net loss of $36 m...
- Jørgen Lian
Golar LNG Minor model adjustments
We have updated our estimates ahead of the Q3 results (due before US market open on 12 November), owing to decreased commodity prices. While our Q3e adj. EBITDA is 10% above Bloomberg consensus, we believe the focus should be on the company potentially firming up its FLNG project pipeline and timeline updates. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our USD42 target price.
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
Golar LNG Limited – Q3 2024 results presentation
Golar LNG Limited – Q3 2024 results presentation Golar LNG's 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should acc...
- Dave Nicoski
- Ross LaDuke
Vital Signs: Actionable charts
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
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- ABGSC Shipping & Transport Research
- Oliver Dunvold
- Petter Haugen
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