GMLP - Golar's sale of Hygo GMLP a 'rare win-win' Stifel says

Golar LNG's ([[GLNG]] +3.7%) sale of both the Hygo Energy joint venture and Golar LNG Partners ([[GMLP]] +22.6%) to New Fortress Energy ([[NFE]] -3.6%) eliminates nearly all of Golar's financing issues, Stifel analysts say.The firm's estimate of Hygo's valuation dropped to $750M after the delayed IPO, but New Fortress is paying Golar LNG $1B ($950M in stock and $50M in cash) for GLNG's 50% stake in Hygo as well as assuming debt; with a $1B valuation (or $9.19/share), the solidifies a better than expected valuation, Stifel says.As a result of the deal, Stifel raises its sum-of-the-parts estimate $25/share with ~$9/share of that realized.And while Golar LNG is selling the downstream part of the business, the company does have its FLNG technology and the currently booming shipping assets, Stifel notes."While the uncertainty around the shipping assets should likely have the shares trading at a discount to that SOTP estimate, we believe there

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Golar's sale of Hygo, GMLP a 'rare win-win,' Stifel says