deniseann
6 years ago
Hi Ranchhand...
Really an interesting post...
If I can ask, where did you find the Corpus Christi info, mainly because I haven't seen it...
Did you actually call the company..?
I've traded GMLP for several years, both stocks and options. and when it started losing money on earnings reports, I viewed it as opportunities...
Of course, it's apparent today, that it just keeps going down... Every time they pay out a dividend, the stock just tanks... At this time, I own over 4k stocks and have REALLY taken a serious hit... the old "catch a falling knife" deal...
It's also interesting that there is no longer any management ownership in GMLP, and considerable management ownership in GLNG....
You can see why this would be so appealing to me,
I would be extremely interested in finding out about your sources or please post more info on any new developments...
Thanks, denise
ranchhand71
6 years ago
GMLP about to move an important cargo----Nov 15 (Reuters) - U.S. liquefied natural gas (LNG) company Cheniere Energy Inc officially opened its $15 billion Corpus Christi LNG export facility in Texas on Thursday.
The company, however, would not say when the first cargo will actually leave the facility, which produced its first LNG on Wednesday.
There is an LNG vessel, the LNG Golar Tundra,OWNED BY GMLP, docked at the plant that analysts say will take the projectโs first cargo soon.
The start of a better outlook.....
deniseann
6 years ago
I don't know if Golar GMLP monitors iHub's message board's, but if not, I certainly wish they would... I'm not really happy with GMLP right now...
Golar doesn't make it real easy to contact them, except by out of county phone, USA...
Over the years I've had positions in GMLP for periods of time, some very lengthy periods...
Most recently, I took an entry after the May 31st earnings drop and then averaged down a couple of times when it kept dropping, accumulating 3000 shares at $15.42...
I hung on to get the August Dividend, ex-div Aug 6th, payout Aug 14th...
After a couple of moderate bumps up Aug 21 - 24, unfortunately, I didn't think I had received the dividend yet so didn't sell, I didn't realize the dividend was handled differently than my previous broker, and also on Aug 17, I had let another 1500 option shares exercise into equities at a strike of $15 for an average of $15.27 with 4500 shares...
I finally realized that I had received the dividend in the form of a cash deposit for the 3000 shares, but had no idea the stock was going to again drop another $3.00 from 15.65 to 12.74 after that...
In this case, and at the current loss, the dividend is really pretty insignificant...
The question is..? Where is Golar going with this from here..?
One of the particularly bothersome things about GMLP is the management ownership is absolutely 0% for GMLP, and management ownership for the older GLNG is 46%...
GMLP has a 41% funds ownership, but again, the fund's ownership for GLNG is at 99%, and also 2% bank ownership...
I realize that GMLP is a "Limited Partnership", but it still makes you a little nervous seeing these stats...
And I've mostly done well with GMLP in the past...
But also, that was then...
denise
Equitiesduke
7 years ago
Having visited HFT exchanges, and there are 13 to be exact, it becomes clearly obvious that many stocks are being manipulated. This is done to control share prices using large volumes of buying and selling, and shorting of course. As the large share block holders trade, and they are brokers and institutions with HFT access, they get a .03 cent per share per trade rebate from the HFT exchanges regardless of direction. As a example, as a share price approaches say $20. many pre-programmed algorithms kick in and short the stock. PPS drops a bit, algos kick in again, large block holders buy, and the cycle repeats , over and over , etc. Do the math on say 100,000 shares 3 times per day minimum. Now add the spread as HFT trading is so fast in "front running" you cannot detect it. Bottom line, retail investor only one to lose.
Hope this makes sense and helps.
GL!
benfrankledger
7 years ago
$GMLP Currently, 13 analysts give recommendations on Golar LNG. In December 2016, 18 analysts covered the stock. Of the analysts, 92% are bullish on Golar LNGโseven analysts gave a โstrong buyโ recommendation and five analysts gave a โbuyโ recommendation. Only one analyst gave a โholdโ recommendation for Golar LNG. None of the analysts rated Golar LNG as a โstrong sellโ or โsell.โ Since the beginning of 2017, only one analyst revised its recommendation on Golar LNG. In January 2017, Nordea downgraded the stock to โhold.โ