Golar LNG Expands FLNG Hilli Stake, Eyes Long-Term Argentina Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
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Source: Benzinga
Golar LNG Acquisition: Golar LNG Limited has acquired minority stakes in the FLNG Hilli from Seatrium and Black & Veatch for $90.2 million, increasing its ownership to approximately 8% of the full FLNG capacity, effective January 1, 2025.
Operational Highlights: The FLNG Hilli, which has been operational since 2018, has delivered 124 LNG cargoes and is contracted to Perenco in Cameroon until July 2026, with plans to relocate to Argentina under a 20-year agreement contingent on various conditions.
Analyst Views on PXJ
Wall Street analysts forecast PXJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PXJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.310
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
