This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

6 Stocks to Gain From Strong LNG Outlook

Stocks in this article: GLNG TGP DRYS DHT LNG APC

1. Golar LNG (GLNG - Get Report) owns and operates LNG carriers and floating storage re-gasification units (FSRUs).

For the first quarter of 2011, Golar reported revenue of $67.5 million compared to $64.6 million in the same period of 2010, benefiting from enhanced performance of its modern LNG carriers and higher daily charter rates. During the quarter, the average daily time charter equivalent rates increased to $80,694 from $74,206 in the fourth quarter of 2010. However, vessel utilization was lower at 91% compared to 95% in the Dec. 2010 quarter. Net income for 2011 first quarter stood at $16.3 million, while operating income was $20.4 million.

The company is gearing to meet higher LNG demand in the next few years. Golar executed a FSRU charter agreement with PT Nusantara Regas in April 2011. Besides, it also secured charters for its four modern vessels for 12 to 18 month periods and expects to add about $80 million EBITDA to its books on an annualized basis. The company ordered six new LNG carriers from Samsung Heavy Industries with an option to order another two vessels.

The stock was a major outperformer and returned over 130% year-to-date and has buy ratings of 69%.

>>To see these stocks in action, visit the 6 Stocks to Gain From Strong LNG Outlook portfolio on Stockpickr.

7 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs