Golar LNG: Growth Energy Stock For Shipping Investors
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Golar LNG has secured a 20-year contract with Pan American Energy, boosting its EBITDA backlog to $11 billion. The company resolved a dispute with BP regarding Gimi's payments, with Gimi's COD set for H1 2025. Despite stable revenue, Golar reported a net loss due to non-cash losses.
November 23, 2024 | 2:00 pm
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POSITIVE IMPACT
Golar LNG has secured a significant 20-year contract with Pan American Energy, increasing its EBITDA backlog to $11 billion. The resolution of a dispute with BP over Gimi's payments and the scheduling of Gimi's COD for H1 2025 are positive developments. However, the company reported a net loss due to non-cash losses.
The 20-year contract with Pan American Energy significantly increases Golar's EBITDA backlog, indicating strong future revenue potential. Resolving the dispute with BP and setting a timeline for Gimi's COD are positive for operational stability. The net loss, while a concern, is attributed to non-cash losses, which may not impact cash flow. Overall, these developments are likely to positively influence Golar's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100