Ahoy matey!!! After almost a month in dry dock, we've decided to climb back aboard ship. This stock yields 13.87%, with strong 1.24x distribution coverage. It's still over 30% below analysts' consensus price target. There's a shortage coming in its industry, which will increase demand for its services.
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (NYSEMKT:LNG) carriers under long-term charters in Brazil, the United Arab Emirates, Indonesia, and Kuwait. The company also engages in the leasing of its fleets. As of April 29, 2016, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited. (Source: GMLP website) Due to the specialization of its fleet, GMLP has enjoyed over 99% utilization for the past 10 quarters.
Source: Seeking Alpha
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