Well, you probably got the hint that I like this stock back when I wrote about it as my Idea of the Month for August, about a week and a half ago.

And now, to make things official, I’m buying some myself — I picked up some shares of Golar LNG today. Since I wrote about them for you, they reported earnings that disappointed analysts … but also showed a massive increase in revenues. The earnings shortfall was largely from their trading business, not their core LNG services (transport and regasification), and they’ve basically said they’re going to stop that kind of trading unless they can figure out how to do it better. Sounds smart to me. They pay a 27.5 cent dividend in a few weeks, and though the dividend has been erratic recently (bouncing around between 25-50 cents since the resumed the divvy last Summer), I do expect it to grow over time as their fleet size and revenue potential increase. Golar’s second quarter presentation is available here if you’d like more details — and yes, if you’re a bit more cautious and more income-oriented but like the LNG space, I’d still steer toward the higher yielding and probably less volatile Teekay LNG Partners (TGP) as an alternative (I don’t own that one).

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