Golar LNG Limited (USA) (GLNG)

synergize (98.00) Submitted: 5/17/08 5:19 AM : Start Price: $20.19 GLNG Score: -9.20

Golar LNG Limited (Golar) is engaged in the acquisition, ownership, operation and chartering of liquid natural gas (LNG) carriers and floating storage re-gasification units (FSRUs) through its subsidiaries.

As of April 2008, the Company’s fleet consisted of 13 vessels. It leases eight LNG carriers under long-term financial leases, it owned four vessels and a 60% interest in the Golar Mazo through a joint arrangement with the Chinese Petroleum Corporation, the Taiwanese state oil and gas company. Five of its LNG carriers are contracted under long-term charters, two LNG carriers are contracted under short-term charters and three vessels are in medium term, five-year market related charter contracts with Shell.

In March 2001, the Company sold its hull 2244. In addition in January 2008, it completed the purchase of an LNG carrier, Granatina from Shell.

During the year ended December 31, 2007, it disposed of its entire interest in Korea Line Corporation.

Technical:
Stochastics and MACD are rising. Upward long term trend makes it attractive to buy on pull backs.

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