- Golar LNG has seen its share price pummeled hard by the pandemic, although the LNG market itself appears to be holding up just fine.
- The company saw its shipping revenues come in higher than last year but a few unusual factors held them down from the second quarter.
- The company's floating LNG plants continued to perform admirably and the company has resolved the dispute over the force majeure claim for the Gimi.
- The delay of the power unit's IPO is disappointing, but it will likely happen and the market seems to be ignoring this.
- The company's debt continues to be a concern but it is working to address this.
For further details see:
Golar LNG: Results Show A Few Weaknesses But Market May Have Overreacted