Opinions
Alex Ruus
Golar LNG Ltd
GLNG-Q
DON'T BUY
Dec 05, 2016
$24.500
Stock price when the opinion was issued
oil
gas
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COMMENT
Liquefied natural gas is going to be huge down the road. It got put on the back burner with the fall in oil prices. There are a lot of LNG plants that have been built and are being built in the US, that are ready to take the very cheap natural gas. Thinks this will be a boom sector. This pays a 1.2% dividend. He prefers GasLog Ltd (GLOG-N), which owns the takers that transport LNG, and pays about a 4.6% dividend yield.
oil
gas
TOP PICK
Hasn’t looked at this for a while. He’s just started doing some work on LNG, as there might be some opportunities. He is looking at Cheniere, which has a new liquids action terminal on the Texas Gulf Coast for exporting North American gas offshore. Golar’s primary business is tankers that take LNG across the oceans. A pretty volatile stock. Like a lot of the shipping businesses, there are really big capital assets in a ship, typically heavily debt levered, and the rates move like crazy depending on supply/demand. Shipping might be a little bit oversupplied, so he is not interested in that area. Longer-term, LNG is a growth business.