Golar LNG: Investment Story Has Gotten Cleaner
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Redfox Capital Ideas656 FollowersFollow5ShareSavePlay(7min)Comment(1)SummaryGolar LNG remains a buy as project risk declines and cash flow visibility improves.The Argentina contract now features a state-backed offtaker, materially de-risking future cash flows and lowering the appropriate discount rate.Refinancing eliminated the 2025 convertible bond overhang, extending maturities and removing near-term dilution risk.A $150 million share buyback signals management confidence, supports valuation, and addresses potential investor fatigue before Argentina ramps in 2027. EyeEm Mobile GmbH/iStock via Getty Images Investment Summary My previous investment thought on Golar LNG Limited (GLNG) was a buy rating because of the high visibility into the long-term earnings growth runway, which is supported by its liquefaction-as-a-serviceThis article was written byRedfox Capital Ideas656 FollowersFollowI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.