5 Best Clean Energy Stocks To Buy Right Now: Golar LNG Partners LP (GMLP)
Golar LNG Partners LP (the Partnership), incorporated on September 24, 2007, is a limited partnership formed as a wholly owned subsidiary of Golar LNG Limited (Golar), an independent owner and operator of floating storage re-gasification units (FSRUs) and liquefied natural gas (LNG) carriers, to own and operate FSRUs and LNG carriers under long-term charters. The vessels in its fleet are chartered to BG Group, Pertamina, Petrobras and Dubai Supply Authority. As of December 31, 2012, Golar owned its 2.0% general partner interest, all of its IDRs and a 49.9% limited partner interest in it. As of December 31, 2012, its fleet consisted of a 100% interest in the Golar Spirit, which is operating under a time charter with Petrobras; a 100% interest in the Golar Winter, which is operating under a time charter with Petrobras; a 100% interest in the Golar Freeze, which is operating under a time charter with Dubai Supply Authority (DUSUP), the purchaser of natural gas in Dubai; a 100 % interest in the Methane Princess, which is operating under a time charter with BG Group PLC (BG Group), and a 60% interest in the Golar Mazo, an LNG carrier, which is operating under a time charter with PT Pertamina (Pertamina). In July 2012, Golar sold its interests in the companies that own and operate the floating storage and regasification unit (FSRU) Nusantara Regas Satu to the Company. As of April 30, 2013, the Company has a fleet of four FSRUs and four LNG carriers. In November 2012, the Company acquired from Golar interests in subsidiaries that lease and operate the LNG carrier, the Golar Grand.
FSRU Charters
The Company provides the services of each of the Golar Spirit and the Golar Winter to Petrobras under separate time charter parties (or TCP) and operation and services agreements (OSAs). The TCPs and OSAs are interdep! endent and when combined have the same effect as the time charters for its LNG carriers. The services of the Golar Fre eze are provided to DUSUP under a TCP. The Golar Spirit and ! Golar Winter charters also contained provisions giving Petrobras the option to purchase the vessels from it under certain circumstances.
LNG Carrier Charters
The Company provides the LNG marine transportation services of the Golar Mazo, Methane Princess and the Golar Maria under a time charters with LNG Shipping SpA. A time charter is a contract for the use of the vessel for a fixed period of time at a specified daily rate. Under a time charter, the vessel owner provides crewing and other services related to the vessel's operation.
The Company competes with Royal Dutch Shell, BP, BG, Malaysian International Shipping Company, National Gas Shipping Company, Qatar Gas Transport Company, Excelerate Energy, Hoegh LNG, Exmar, Teekay LNG and MISC Berhad.
Advisors' Opinion:- [By Garrett Cook]
Golar LNG Partners LP (NASDAQ: GMLP) was down, falling 10.35 percent to $27.89 after the company reported the pricing of 7.17 million shares at $29.90 per unit.
- [By James E. Brumley]
I'll warn you now at least some of you aren't going to like what you're about to hear. But, I wouldn't be doing any one a service by ignoring an important reality. So, here goes - shares of Golar LNG Limited (NASDAQ:GLNG) and its mater/parent Golar LNG Partners LP (NASDAQ:GMLP) are ripe for a sizeable pullback. Anybody who was mulling a new position in GMLP or GLNG here may want to hold off just a bit, and anybody who stepped into either or both within the past month or so may want to go ahead and lock in their nice gain while they can.
- [By Robert Rapier]
Q: Golar (GMLP) has been doing well lately after an up/down and eventually flat year in 2013. While sometimes diverging TGP performed about the same. Thoughts on any catalyst this year that! might he! lp GMLP start to trend up consistently?
source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-clean-energy-stocks-to-buy-right-now-3.html
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