written by reader GOLAR(GLNG)

By davidshelton, July 3, 2013

Any thoughts out there in Gumshoe world on Golar? The chart looks terrible and it has been pretty weak lately. Has the fundamental story changed with this company? Anyone know of the reasons behind the decline of this stock? I’m starting to look into it as a new addition in my portfolio once the bloodletting stops but I do not it’s an irregular holding as well as in Travis’ personal portfolio.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Travis Johnson, Stock Gumshoe
July 9, 2013 10:17 pm

Thanks for the reminder, I need to take a look at this one again in relation to some of the other LNG tanker stocks and see if I should update my opinion, I’ve hemmed and hawed on GLNG over the last six months but not updated my thoughts since the Winter.

I do still hold GLNG and think the market for LNG shipping and, perhaps more importantly, the floating liquefaction and gasification vessels they’re tinkering with should be strong for quite a while, but they do not have as clean a story as larger (Teekay LNG) or newer and more focused (GasLog) shippers who also ride this same expected long-term trend. All three of those, incidentally, have decent and probably growing dividends.

Add a Topic
Add a Topic
Add a Topic
👍 18054
👍 2