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Golar LNG (GLNG) Moves 6.1% Higher: Will This Strength Last?

Jul 24, 2024, 5:56 AM EDT1 sourcesAI-analyzed

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Golar LNG shares rose 6.1% to $36.36; positive trading volume noted. GLNG is the leading FLNG provider with significant capacity growth expected. New deal with Pan American Energy to station FLNG vessel in Argentina for 20 years. Project utilizes the Vaca Muerta shale formation, aiming to start exports by 2027. Current Zacks Rank is #2 (Buy), indicating positive sentiment for GLNG.

  • Golar LNG shares rose 6.1% to $36.36; positive trading volume noted.
  • GLNG is the leading FLNG provider with significant capacity growth expected.
  • New deal with Pan American Energy to station FLNG vessel in Argentina for 20 years.
  • Project utilizes the Vaca Muerta shale formation, aiming to start exports by 2027.
  • Current Zacks Rank is #2 (Buy), indicating positive sentiment for GLNG.

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