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Dynagas LNG: Dividends And Buybacks On The Horizon
Seeking Alpha· 2024-11-26 07:03
Group 1 - The article emphasizes the author's investment philosophy, focusing on overlooked companies that provide asymmetric risk rewards and attractive dividend yields [1] - The author has a preference for shipping and mining enterprises but is open to exploring other industries if they align with the investment style [1] - The analytical approach combines fundamental analysis with technical analysis to optimize market timing [1] Group 2 - The author expresses a beneficial long position in specific shares, indicating a personal investment interest [2] - The article is written independently, reflecting the author's own opinions without external compensation [2] - There is a disclaimer regarding the lack of business relationships with mentioned companies, ensuring transparency in the analysis [2]
Cheniere Energy at 52-Week High - What Now for the Stock?
ZACKS· 2024-11-25 21:00
Cheniere Energy (LNG) , a leading exporter of natural gas, has been on a steady rise. On Friday, the stock closed at $222.60, just below its new 52-week high of $225.44 earlier that day. Over the past six months, LNG shares have climbed nearly 42%, outperforming both the Oil/Energy sector and the broader S&P 500. This performance also surpasses other energy storage and transportation operators like MPLX LP (MPLX) and TC Energy Corporation (TRP) .LNG, MPLX and TRP 6-Month Stock PerformanceImage Source: Zacks ...
Eni Boosts Congo LNG Capacity With New Nguya FLNG Facility
ZACKS· 2024-11-25 13:51
Core Insights - Eni SpA has launched the Nguya Floating Liquefied Natural Gas (FLNG) facility in the Republic of Congo, marking a significant expansion of its LNG operations [1][3] - The Nguya FLNG has a liquefaction capacity of 2.4 million tons per annum (MTPA), which, combined with the existing Tango FLNG's capacity of 0.6 MTPA, will increase the total liquefaction capacity of the Congo LNG project to 3 MTPA by the end of 2025 [2] - This project highlights Eni's commitment to leveraging Africa's energy resources to meet global energy demands while enhancing Congo's domestic energy infrastructure [5][6] Company Developments - The Nguya FLNG is Eni's second FLNG unit in Congo, reflecting a deepening partnership with the African nation [3] - Eni secured a contract with Wison Heavy Industry in 2022 to establish the Nguya FLNG facility as part of its strategy to boost LNG production and exports [3] - Earlier this year, Congo exported its first LNG shipment to Italy, showcasing its growing role in the global energy market [4] Strategic Vision - Eni aims to utilize Congo's gas potential for both domestic energy needs and international exports, aligning with its dual focus on export growth and local development [4][5] - The combined capabilities of the Nguya and Tango FLNG facilities will enhance Congo's energy export potential [5]
LNG Energy Group Announces Interim Reserves Evaluation of Venezuela Assets With Before Tax NPV10 Value of 2P Reserves of U.S.$393 Million or C$3.51/Share
GlobeNewswire News Room· 2024-11-25 11:30
Highlights: Before-tax NPV10 for Proved (1P) reserves to U.S.$261 million representing NPV10 of C$2.34 per share. Before-tax NPV10 for Proved plus Probable (2P) reserves to U.S.$393 million representing NPV10 of C$3.51 per share. Before-tax NPV10 for Proved plus Probable plus Possible (3P) reserves to U.S.$439 million representing NPV10 of C$3.92 per share. 1P net reserves life index of 14.0 years and a 2P reserves life index of 21.8 years. TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. ( ...
Golar LNG: Growth Energy Stock For Shipping Investors
Seeking Alpha· 2024-11-23 13:35
Note: I previously covered Golar LNG (NASDAQ: GLNG ) in April. I reviewed the company’s attractive position as the only provider of liquefication as a service. At that time, Golar progressed with its new FLNG(floating LNG) Gimi and its MKIII am a voracious reader and self-taught investor. In the past, I was an accountant in the maritime industry. Now, I am a happy retiree passionate about writing and financial markets. As the kids are grown up, I have time to pursue my endeavors: growing my portfolio and de ...
Why is the Coal-to-Gas Transition a Boon for LNG, CVX & SHEL?
ZACKS· 2024-11-22 20:46
The transition from coal to natural gas is a significant part of global efforts to address climate change. Natural gas is often considered a "transition fuel" because it emits less carbon dioxide than coal. It complements renewable energy sources by providing a reliable backup when wind or solar generation is inconsistent. With liquefied natural gas (LNG) enabling global transportation of natural gas and ensuring its availability across markets, companies like Cheniere Energy Inc. (LNG) , Chevron Corporatio ...
Dynagas LNG Partners LP Reports Results for the Three and Nine Months Ended September 30, 2024
GlobeNewswire News Room· 2024-11-22 13:30
ATHENS, Greece, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three and nine months ended September 30, 2024. Nine months Highlights: Net Income and Earnings per common unit (basic and diluted) of $37.5 million and $0.75, respectively;Adjusted Net Income(1) of $39.2 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.80;Adjusted EBITDA(1 ...
Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG
Prnewswire· 2024-11-21 18:45
Core Insights - Pennybacker Capital Management has acquired the Miami LNG business from New Fortress Energy, enhancing its portfolio in the liquefied natural gas sector [1][2] - The Miami LNG business operates a small-scale liquefaction facility capable of producing approximately 8,300 MMBtu of LNG per day, serving various sectors in Florida and the Caribbean [2] - The acquisition is expected to support energy transition efforts in underserved markets, with a focus on providing cost-effective and sustainable LNG solutions [4] Company Overview - Pennybacker Capital Management is based in Austin, Texas, managing approximately $4 billion in assets across real estate and infrastructure strategies [5] - The firm has multiple offices located in Charlotte, Dallas, Denver, and New York, indicating a broad operational footprint [5] Leadership and Strategic Direction - Daniel McLaughlin has been appointed as President and Chief Commercial Officer of the Miami LNG business, bringing over 10 years of experience in the energy sector [3] - The leadership aims to leverage the acquisition to unlock new opportunities and drive long-term success in the LNG market [4]
Golar LNG Q3 Earnings Beat, Revenues Match Estimates
ZACKS· 2024-11-21 15:40
Golar LNG Limited (GLNG) reported third-quarter 2024 earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 37 cents. However, the company’s bottom line declined year over year.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Revenues of $64.8 million met the Zacks Consensus Estimate. The top line declined 4% year over year.Adjusted EBITDA of $59 million declined 21% year over year.GLNG exited the third quarter of 2024 with cash and cash equivalents of $732.06 millio ...
On The Brink Of A Potential Asia-Europe LNG Bidding War, I Am Buying Shell
Seeking Alpha· 2024-11-21 11:53
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHEL either through stock ownership, options, or other derivatives. 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 i ...