- Golar LNG recently sold some of its stake in New Fortress Energy in order to raise money to expand its FLNG fleet.
- The company's single FLNG unit is already its largest revenue source and earnings over many quarters and it has a second one coming on by the end of 2023.
- The two FLNG units together could very easily quadruple the earnings from this business unit, potentially at least tripling the company's earnings.
- The long-term opportunity here could be even greater considering that the company could see growing demand for a third FLNG unit that it is considering.
- The stock has already doubled in price this year but it could still be reasonable at least than 30x 2023 earnings and the potential for earnings growth to 2026.
For further details see:
Golar LNG: Changing Business Model Creates Opportunity For Investors