Did you get the stuff i sent you on GLNG?- It looked to me like they are going to need alot of cash raise. Let me talk to the HF on the name. (and get my Wingstop ridicule.) I'm going to need your help here Van.-
The Shyft Group, Inc. (SHYF)-- yesterday's research NasdaqGS - NasdaqGS Real Time Price. 24.08+1.08(+4.70%) At close: July 28 04:00PM EDT
My mindset has shifted into caution-mode.- This makes choosing investment ideas very hard.- The Fed will clamp down on the rally with their upcoming talking points.- We are not getting past S&P 4,200.- How did I get here?
Someone in another thread I started about CMG (way up btw>>> thank you very much) said the Chinese don't believe in eating food with their hands. Said they even use chop-sticks on chicken wings. YUMC has KFC. That was their big outperformer again. Wonder if they nixed the "Its finger lickin' good" over there.
Golar LNG is benefiting from an improved FLNG performance. The FLNG unit continues to perform well, aiding the company’s top line. Demand for LNG vessels is likely to get stronger owing to the Russia-Ukraine war, as the European countries look for gas supplies outside Russia. Improved shipping performance is aiding the company. The company anticipates a substantial improvement in cash generation in the next two years owing to strength in the LNG shipping market, increased utilization of Hilli, higher oil and gas price environment and the commencement of the Gimi contract in 2023. The company expects a significant increase in Adjusted EBITDA generation over the next two-three years, driven by its FLNG and shipping units. Thoughts on this-> What Is Golar LNG's Debt? You can click the graphic below for the historical numbers, but it shows that as of March 2022 Golar LNG had US$1.07b of debt, an increase on US$929.5m, over one year. However, it does have US$1.00b in cash offsetting this, leading to net debt of about US$66.7m. Don't mind the debt per sey but it all coming in one year... That's going to be hard to duplicate with higher rates. We can see from the most recent balance sheet that Golar LNG had liabilities of US$1.08b falling due within a year, and liabilities of US$1.21b due beyond that. Offsetting these obligations, it had cash of US$1.00b as well as receivables valued at US$46.1m due within 12 months. So it has liabilities totalling US$1.24b more than its cash and near-term receivables, combined. it could probably strengthen its balance sheet by raising capital if it needed to. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk. If you remember when we were down 20%-30% I said I am sure we get a rally that gets us back to down 10% and then remind me to SELL....... THERE IS ONLY 3% LEFT IN THE S&P rally in my view-->
BIG NEWS YESTERDAY FOR The Golar!!!! FLNG Hilli – Customer option exercise of TTF linked production Golar LNG Limited ("Golar") announces today that Perenco Cameroon S.A. (“Perenco”) and Société Nationale des Hydrocarbures (“SNH”), together the customer of FLNG Hilli (“Hilli”), have elected to exercise 0.2 million tons per annum (“MTPA”) of their optional Dutch Title Transfer Facility (“TTF”) linked production volumes from 2023 to July 2026, continuing Hilli’s 2022 production volume of 1.4 million tons per annum. The tariff for the 0.2 MTPA from January 2023 to July 2026 is linked to TTF gas prices. Based on current average 2023 TTF gas prices ($45.49/MMBtu) the 0.2 MTPA of production can generate US$135 million of incremental annual Adjusted EBITDA to Golar. For each US$1.00/MMBtu change in TTF, this Adjusted EBITDA will increase (or decrease) by US$3.2million. The total value of the 0.2 MTPA production from 2023 until July 2026 is approximately $267 million in Adjusted EBITDA to Golar based on current TTF forward prices. Hence Hilli will continue with three components to its Adjusted EBITDA generation; a fixed tariff, a Brent oil linked tariff, and a TTF gas price linked tariff. At current forward prices for 2023, Golar’s share of annual distributable Hilli Adjusted EBITDA is expected to be approximately $286 million (fixed tariff of $65 million, Brent oil linked earnings of $86 million, and TTF linked earnings of approximately $135 million). Golar’s share of total annual debt service for Hilli’s contractual debt is approximately $50 million (debt amortization of approximately $29 million and interest of approximately $21 million). Hilli is therefore expected to generate significant free cash flow to equity for the reminder of the fixed contract. Golar may enter into hedging transactions to reduce the sensitivity of the commodity linked components of Hilli’s future earnings, as we have done in 2022. Golar CEO Karl Fredrik Staubo commented: “We are pleased to see continued TTF linked gas volumes from Hilli through the rest of the existing contract, maturing in July 2026. These confirmed additional volumes combined with Hilli’s outstanding operational track record will add significant free cash flow generation near term with no incremental capex”.