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LNG target (Nasdaq: GLNG) +8.5% In trading on Wednesday, after analysts Stifel Benjamin Nolan and Frank Galanti said that the stock may double by the end of this year if some catalysts materialize.
“There are probably no other names in our coverage that have as much rise associated with catalysts Such as Jolar with several potential events, which we believe could collectively double the share price by the end of the year should those events occur,” the analysts wrote.
“While we’ve heard ‘project will be announced later this year’ before, management seemed very confident that there would be an announcement before the end of the year and hinted it might be announced as soon as on the next earnings call” in the middle of the year. August, “very likely” a new contract hills Or perhaps a contract on the Mark II retrofit, the analysts said.
since hills The contract needs to be signed soon to prepare for the next job, Nolan and Gallante said, “and it looks like this is about to be announced,” adding that the new contract will likely last at least 10 years and possibly 15-20 years.
“At an average tariff of $3/mmbtu, the unit would generate approximately $300m of annual EBITDA, although based on historical TTF LNG prices, the average fee is likely to be more than $5. dollars/mmBtu, which means the unit will generate more than $500 million in EBITDA, the analysts wrote.
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