Why Cheniere Is Bringing US LNG to Europe for the First Time
Cheniere Energy (LNG) is exporting liquid natural gas, or LNG, from the United States. It’s the first US company to receive a federal permit to export LNG.
With new projects coming online in Asia-Pacific, the global LNG (liquefied natural gas) trade has picked up steam since mid-2015.
Dynagas LNG Partners claims that it’s the only LNG transportation company with the capability for transit in the Northern Sea Route.
On March 31, 2016, Dynagas LNG Partners (DLNG) entered into two new long-term time charter agreements.
Golar’s debt at the end of fourth quarter of 2015 stood at $1.9 billion. This has increased from last quarter’s $1.8 billion.
In 2013, Golar (GLNG) raised its dividend from $0.43 to $0.45. From 1Q13 until the fourth quarter of 2015, Golar paid a dividend of $0.45 per quarter.
Following Golar’s negative EBITDA in 2015, Wall Street analysts expect a positive $17.9 million EBITDA in 2016.
In this article, we’ll look at Golar’s prospects and progress with regards to its FSRU (floating storage and regasification unit) business stream.
Golar (GLNG) is actively pursuing FLNG (floating liquefied natural gas) projects.
Golar’s (GLNG) operating revenue for the fourth quarter of 2015 was $23 million.
Wall Street analysts have a 12-month price target of $37.77 for Golar (GLNG).
Wall Street analysts have a 12-month price target of $14.12 for GasLog (GLOG) compared to $10.16 on March 2, 2016. Eleven analysts gave recommendations on the stock as of that date.
GasLog (GLOG) has raised more than $2 billion of financing in the last four months. It has strengthened its balance sheet to manage a prolonged downturn, if required.
Since 4Q12, GasLog (GLOG) has consistently paid dividends every quarter. It declared a dividend of $0.14 in February 2016, which will be paid in March.
GasLog (GLOG) has eight newbuilds in the pipeline. Of these, four will be delivered in 2016, and four will be added to the company’s fleet in 2017 and 2018.
GasLog’s (GLOG) fully owned fleet consists of 19 LNG carriers. Eleven ships are in operation, and eight are on order. Four LNG carriers operate under its technical management for third parties.
GasLog’s revenue in fiscal 4Q15 was very similar to fiscal 3Q15 revenue. In 4Q15, the company posted revenue of $107.5 million compared to $105.7 million in the previous quarter.
Rates for LNG vessels in the short term are staying at low levels. But GasLog (GLOG) predicts a positive long-term outlook as new projects come on stream.
GasLog (GLOG) released its fiscal 4Q15 earnings on February 25, 2016. Revenues rose to $108.0 million from $105.8 million in 3Q15 and $99.0 million in 4Q14.
Teekay LNG Partners has “buy” recommendations from 30% of analysts covering its stock. It has “hold” recommendations from 70% of analysts, and none of the analysts gave the company a “sell” recommendation.