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Tag: LNG

  • GasLog Partners LP (GLOP) Stock Exhibits Volatility Following Disclosure of Q2 2021 Financial Reports

    GasLog Partners LP (GLOP) stock prices were up 4.78% as of the market close on July 26th, 2021, bringing the price per share up to USD$5.26 at the end of the trading day. Subsequent premarket fluctuations saw the stock fall by 11.60%, bringing it down to USD$4.65.

    GLOP Stock’s Charter Agreements

    GLOP stock recently announced three new time charter agreements with a string of companies: GasLog Sydney was chartered for one year in collaboration with a subsidiary of TotalEnergies SE; Solaris was chartered for eight months in a partnership with Royal Dutch Shell; and a deal with a wholly owned subsidiary of Cheniere Energy, which will see Methane Heather Sally being chartered for one to three years. The company also signed a new one-year time charter agreement with TotalEnergies for GasLog Seattle.

    Additional Recent Developments

    The second quarter of fiscal 2021 saw the company repay USD$18.8 million in debt, contributing to the USD$54.8 million of debt repaid over the first six months of 2021. GLOP stock also published the Partnership’s Sustainability Report for the previous year on July 20th, 2021. Effective August 1st, 2021, GLOP will see Mr. Eniozi, currently, Chief Operating Officer of GasLog, take over as director of the Partnership and as CEO of the Partnership.

    GLOP Stock Hits Quarter Milestone

    GLOP stock finalized previously scheduled dry-dockings for three vessels from its fleet: the Methae Rita Andrea, the GasLog Greece, and the GasLog Glasgow. This has resulted in a total of 82 scheduled off-hire days for the 2021 quarter, up from zero off-hire days reported for the second quarter of 2020.

    Financial Reports

    Revenue for the second quarter of 2021 was reported at USD$70.4 million, while profits for the quarter were reported at USD$14.7 million. Adjusted profit was USD$12.7 million for Q2 2021, with adjusted EBITDA reported at USD$45 million. Earnings per unit for the quarter came in at USD$0.14, with an adjusted earnings per unit of USD$0.10. the second quarter of fiscal 2021 also saw GLOP stock declare a cash distribution of USD$0.01 per common unit on record.

    Future Outlook for GLOP Stock

    Armed with a string of new strategic collaborations, GLOP stock is keen to continue its trajectory of success. The company is keen to continue expanding and consolidating its market footprint, with investors hopeful for organic growth and long term increases in shareholder value.

  • Golar LNG Limited (GLNG) extends long-standing FLNG partnership with Black & Veatch Corporation

    Golar LNG Limited (GLNG) extends long-standing FLNG partnership with Black & Veatch Corporation

    Golar LNG Limited (GLNG) announced that it has agreed to extend its long-standing FLNG partnership with Black & Veatch Corporation and enter into a cooperation arrangement in the areas of floating ammonia processing, carbon capture, green LNG, and hydrogen.

    Golar brings its broad knowledge in delivering and running a paradigm-changing low-cost floating operating LNG platform to the partnership, and B&V also brings a deep background in renewable innovation as a leading supplier of LNG technology.

    Golar and B&V plan to jointly publish a thought leadership paper on our main area of focus for cooperation, floating carbon capture, and storage ammonia production within 2020.

    Golar and B&V expect to continue to jointly publish our thoughts in subsequent months while we concentrate on the technological and economic feasibility of the most promising floating green and blue technology developments and areas of concern that we intend to jointly explore.

    The production and execution of any proposal following the early stages of study and research is subject to a separate contractual arrangement between the two firms.

    “Replacement of coal, fuel oil, and diesel with cleaner-burning LNG is one of the simplest and most cost-effective near-term steps to decarbonize the world’s energy mix,” Golar CEO Iain Ross said.

    “With its low cost accelerated distribution infrastructure technologies and new use of BIO LNG, Golar and Hygo Energy Transfer are incredibly well placed to push this. A Net Null Carbon Energy Blend will be expected. With a tradition of accomplishments and innovative solutions to challenges in its sector and serious attention to its ESG agenda, Golar looks ahead, in the area of floating ammonia and the manufacture of hydrogen, carbon capture, and other decarbonization measures, to partnering with a likeminded and even competent partner,” he added.

  • Here’s Top 20 Stocks In Oil & Gas Industry That Need Your Attention

    Here’s Top 20 Stocks In Oil & Gas Industry That Need Your Attention

    The dependence on petroleum-based products is continuously increasing which increases the demands in the Oil and Gas Industry. This Industry has gained a reputation for being one of the largest and most important industries in the world. This industry is fulfilling the 57 percent of the energy needs of 7.7 billion people around the globe. The spread of COVID-19 has badly impacted the world economies and Oil and Gas industry has also experienced major disruptions.

    2020 has caused a great challenge to oil and gas companies but this year has also provided the various opportunities to this industry. There are various trends that are playing and will play the main role in reshaping the industry in the rest of 2020. How can oil and gas companies remain competitive and emerge stronger in the period of the COVID-19 pandemic?

    Let take a quick look at these leading 20 companies in the oil and gas industry to know the answer to the above question:

    Energy Transfer LP (NYSE: ET)

    Energy Transfer LP (NYSE: ET) shares were trading down 0.00% at $6.29 at the time of writing on Thursday. Energy Transfer LP (NYSE: ET) share price went from a low point around $3.75 to briefly over $13.86 in the past 52 weeks, though shares have since pulled back to $6.29. ET market cap has remained high, hitting $17.04B at the time of writing, giving it a price-to-sales ratio of more than 0.

    Energy Transfer LP (ET) has announced earlier that it has made few executive changes in the company’s management. It has named its executives Mackie McCrea and Tom Long as co-Chief Executive Officers. If we look at the recent analyst rating ET, RBC Capital Mkts reiterated coverage on ET shares with an Outperform rating.

    Kinder Morgan Inc. (NYSE: KMI)

    Kinder Morgan Inc. (NYSE: KMI) last closed at $12.99, in a 52-week range of $9.42 to $22.58. Analysts have a consensus price target of $17.64. Kinder Morgan Inc. (KMI) has disclosed earlier that it is scheduled to announce its third-quarter 2020 earnings results on Wednesday, October 21, 2020. It has moved up 37.58% from its 52-weeks low and moved down -42.60% from its 52-weeks high. This company market capitalization has remained high, hitting $30.11 billion at the time of writing.

    The Williams Companies Inc. (NYSE: WMB)

    The Williams Companies Inc. (NYSE: WMB) stock soar by 0.15% to $19.71. The most recent rating by Goldman, on October 15, 2020, is at a Neutral. The Williams Companies Inc. (WMB) has disclosed earlier that it has decided to announce its third-quarter 2020 earnings results on November 2, 2020. It has moved up 134.60% from its 52-weeks low and moved down -18.37% from its 52-weeks high. This company market capitalization has remained high, hitting $24.62 billion at the time of writing.

    Enterprise Products Partners L.P. (NYSE: EPD)

    Enterprise Products Partners L.P. (NYSE: EPD) shares headed rising, higher as much as 2.22%. The most recent rating by Piper Sandler, on July 09, 2020, is at an Overweight. Enterprise Products Partners L.P. (EPD) earlier disclosed that the board of directors of its general partner revealed the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the third quarter of 2020 of $0.445 per unit, or $1.78 per unit on an annualized basis.

    ONEOK Inc. (NYSE: OKE)

    ONEOK Inc. (NYSE: OKE) fall -0.43% after losing more than -$0.13 on Thursday. ONEOK Inc. (OKE) has disclosed earlier that it has decided to announce its third-quarter 2020 earnings results on October 27, 2020. It has moved up 143.01% from its 52-weeks low and moved down -62.35% from its 52-weeks high. This company market capitalization has remained high, hitting $13.41 billion at the time of writing.

    Equitrans Midstream Corporation (NYSE: ETRN)

    Equitrans Midstream Corporation (NYSE: ETRN) last closed at $8.38, in a 52-week range of $3.75 to $15.24. Analysts have a consensus price target of $12.33. Equitrans Midstream Corporation (ETRN) revealed earlier that it has planned to announce the 2020 third-quarter earnings on Tuesday, November 3, 2020. It has also announced that it will also hold the meeting with analysts at 10.30 am on the same day.

    Plains All American Pipeline L.P. (NYSE: PAA)

    Plains All American Pipeline L.P. (NYSE: PAA) stock drop by -1.03% to $6.73. The most recent rating by Morgan Stanley, on September 25, 2020, is at an Overweight. Plains All American Pipeline L.P. (PAA) has disclosed earlier that it has decided to announce its third-quarter 2020 earnings results on November 2, 2020. It has moved up 122.17% from its 52-weeks low and moved down -66.18% from its 52-weeks high. This company market capitalization has remained high, hitting $4.88 billion at the time of writing.

    Enbridge Inc. (NYSE: ENB)

    Enbridge Inc. (NYSE: ENB) shares headed falling, lower as much as -0.58%. The most recent rating by Citigroup, on August 13, 2020, is at a Buy. Enbridge Inc. (ENB) disclosed that it will host a conference call and webcast to provide an enterprise-wide business update and review 2020 third-quarter results on November 6, 2020, at 7:00 a.m. MT.

    Plains GP Holdings L.P. (NYSE: PAGP)

    Plains GP Holdings L.P. (NYSE: PAGP) fall -1.27% after losing more than -$0.09 on Thursday. Plains GP Holdings L.P. (PAGP) disclosed that they will announce third-quarter 2020 earnings after the market close on Monday, November 2, 2020, and will hold a joint webcast on the same day.

    Antero Midstream Corporation (NYSE: AM)

    Antero Midstream Corporation (NYSE: AM) last closed at $6.43, in a 52-week range of $1.69 to $8.45. Analysts have a consensus price target of $6.20. Antero Midstream Corporation (AM) revealed that the Board of Directors of Antero Midstream declared a cash dividend of $0.3075 per share for the third quarter of 2020. In addition, Antero Midstream revealed plans to release its third-quarter 2020 earnings on Wednesday, October 28, 2020, after the close of trading on the NYSE.

    Targa Resources Corp. (NYSE: TRGP)

    Targa Resources Corp. (NYSE: TRGP) shares headed falling, lower as much as -0.35% after Targa Resources Corp. Announces Quarterly Dividends and Timing of Third Quarter 2020 Earnings Webcast. The most recent rating by Morgan Stanley, on September 25, 2020, is at an Overweight.

    Golar LNG Limited (NASDAQ: GLNG)

    Golar LNG Limited (NASDAQ: GLNG) last closed at $8.21, in a 52-week range of $4.54 to $15.86. Lawsuits have filed against GLNG, BMRN, and BTU – Jakubowitz Law Pursues Shareholders Claims. Golar LNG Limited (GLNG) has moved up 77.75% from its 52-weeks low and moved down -49.12% from its 52-weeks high. This company market capitalization has remained high, hitting $818.78 million at the time of writing.

    DHT Holdings Inc. (NYSE: DHT)

    DHT Holdings Inc. (NYSE: DHT) fall -0.95% after losing more than -$0.05 on Thursday. DHT Holdings Inc. (DHT) has disclosed earlier that it has decided to announce its third-quarter 2020 earnings results on November 9, 2020. It has moved up 8.60% from its 52-weeks low and moved down -41.34% from its 52-weeks high. This company market capitalization has remained high, hitting $896.63 Million at the time of writing.

    Cheniere Energy Inc. (AMEX: LNG)

    Cheniere Energy Inc. (AMEX: LNG) stock soar by 2.79% to $50.89 after Unitil Schedules Third Quarter 2020 Earnings Release and Conference Call. The most recent rating by Morgan Stanley, on May 20, 2020, is at an Overweight.

    Frontline Ltd. (NYSE: FRO)

    Frontline Ltd. (NYSE: FRO) shares headed falling, lower as much as 0.00%. The most recent rating by DNB Markets, on May 28, 2020, is at a Buy. Frontline Ltd. (FRO) has revealed that Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS, has decided to resign from his position. The Board has named Lars H. Barstad, Frontline’s Commercial Director, to take the role of Interim Chief Executive Officer of Frontline Management AS.

    Scorpio Tankers Inc. (NYSE: STNG)

    Scorpio Tankers Inc. (NYSE: STNG) rose 1.24% after gaining more than $0.14 on Thursday. Scorpio Tankers Inc. (STNG) dislcosed the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 200,000 common shares (or 2,000 call option contracts) of the Company for a total consideration of $266,000.

    DCP Midstream LP (NYSE: DCP)

    DCP Midstream LP (NYSE: DCP) Shares headed rising, higher as much as 1.39%. The most recent rating by Barclays, on October 15, 2020, is at an Equal-weight. DCP Midstream LP (DCP) will host a conference call to discuss its third quarter 2020 earnings on Thursday, November 5, 2020, which will be released after the New York Stock Exchange closes for trading on Wednesday, November 4, 2020.

    EnLink Midstream LLC (NYSE: ENLC)

    EnLink Midstream LLC (NYSE: ENLC) last closed at $2.76, in a 52-week range of $0.88 to $7.37. Analysts have a consensus price target of $2.97. EnLink Midstream LLC (ENLC) market capitalization has remained high, hitting $1.37 billion at that time of writing.

    U.S. Well Services Inc. (NASDAQ: USWS)

    U.S. Well Services Inc. (NASDAQ: USWS) stock drop by -0.39% to $0.34. The most recent rating by Piper Sandler, on May 15, 2020, is at a Neutral. U.S. Well Services Inc. (USWS) share price went from a low point around $0.23 to briefly over $2.29 in the past 52 weeks, though shares have since pulled back to $0.33. USWS market cap has remained high, hitting $18.52 million at the time of writing.

    MPLX LP (NYSE: MPLX)

    MPLX LP (NYSE: MPLX) stock drop by -0.41% to $17.14. The most recent rating by Goldman, on September 10, 2020, is at a Buy. MPLX LP (MPLX) share price went from a low point around $6.87 to briefly over $27.52 in the past 52 weeks, though shares have since pulled back to $17.02. MPLX market cap has remained high, hitting $18.15 Billion at the time of writing.

  • Top 20 Oil And Gas Midstream Industry Stocks You Should Be Holding Right Now

    Top 20 Oil And Gas Midstream Industry Stocks You Should Be Holding Right Now

    One thing which is constant is change. Every sector is undergoing changes with the emergence of new trends and new advancements. The oil and gas industry is undergoing a significant shift because of the trends which are evolving and necessary to adopt for the growth of this sector. The oil and gas midstream industry gained the reputation of being one of the largest and most important industries in the world.

    The midstream stage of oil and gas production follows a few important steps for bringing the product to market and brings a range of logistical, safety, and regulatory challenges. There are a few trends that will affect the industry in 2020. Even though 2020 is still underway, the trend predictions process is still continued. It is important for this industry to keep an eye on the new emerging trends.

    Let see the top 20 leading companies which are adopting new trends and technologies to compete in the market:

    Energy Transfer LP (NYSE: ET)

    Energy Transfer LP (NYSE: ET) shares were trading down -1.35% at $5.84 at the time of writing on Tuesday. Energy Transfer LP (NYSE: ET) share price went from a low point around $3.75 to briefly over $14.03 in the past 52 weeks, though shares have since pulled back to $5.84. ET market cap has remained high, hitting $16.01B at the time of writing, giving it a price-to-sales ratio of more than 0.

    Energy Transfer LP is planning to complete an expansion of its Dakota Access Pipeline by the third quarter of next year. Previously, it has disclosed the completion of its Lone Star Express Pipeline expansion project, which was a major part of Energy Transfer’s 2020 capital program. If we look at the recent analyst rating ET, RBC Capital Mkts reiterated coverage on ET shares with an Outperform rating.

    Kinder Morgan Inc. (NYSE: KMI)

    Kinder Morgan Inc. (NYSE: KMI) stock drop by -1.15% to $12.91. The most recent rating by Goldman, on July 07, 2020, is at a Sell. Kinder Morgan Inc. (KMI) Kinder Morgan resumes construction of the Texas natgas pipeline as suspicious package probed. Authorities have earlier investigated the suspicious packaged found at the construction site. Kinder Morgan Inc. has a market capitalization of $29.43 billion.

    The Williams Companies Inc. (NYSE: WMB)

    The Williams Companies Inc. (NYSE: WMB) Shares headed rising, higher as much as 0.10%. The most recent rating by Morgan Stanley, on July 15, 2020, is at an Overweight. The Williams Companies Inc. (WMB) has earlier participated in virtual meetings with investors, including a fireside chat Q&A session, at the Barclays CEO Energy-Power Conference on Wednesday, September 9. It has a total market capitalization of $25.26 billion.

    Targa Resources Corp. (NYSE: TRGP)

    Targa Resources Corp. (NYSE: TRGP) fall -1.31% after losing more than -$0.2 on Tuesday. Previously, Targa Resources Corp. (TRGP) disclosed its monthly distribution on the Partnership’s 9.00% Series a Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units for September 2020. TRGP said that the board of directors of its general partner has announced a monthly cash distribution of $0.1875 per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for September 2020.

    Cheniere Energy Inc. (AMEX: LNG)

    Cheniere Energy Inc. (AMEX: LNG) last closed at $48.27, in a 52-week range of $27.06 to $67.49. Cheniere Energy, Inc. has announced the Upsizing and Pricing of Inaugural Notes Offering. Cheniere Energy Inc. (LNG) has revealed its intention to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of Senior Secured Notes due 2028. Analysts have a consensus price target of $66.84.

    Enterprise Products Partners L.P. (NYSE: EPD)

    Enterprise Products Partners L.P. (NYSE: EPD) fall -2.04% after losing more than -$0.35 on Tuesday. Enterprise Products Partners L.P. (EPD) has earlier participated in a Fireside Chat and host virtual investor meetings at the Barclays CEO Energy-Power Virtual Conference Wednesday, September 9, 2020. Enterprise Products Partners L.P. has a 52-weeks low range of $10.27 and a high range of $29.56. It has a market capitalization of $36.81 billion.

    Plains All American Pipeline L.P. (PAA)

    Plains All American Pipeline L.P. (PAA) stock drop by -0.44% to $6.86. The most recent rating by BofA Securities, on July 21, 2020, is at a Buy. Plains All American Pipeline L.P. (PAA) and Plains GP Holdings (PAGP) earlier received notice from an affiliate of Kayne Anderson Capital Advisors, L.P.that Robert V. Sinnott will be retiring from service. He will be replaced by Kevin McCarthy, Vice Chairman of Kayne Anderson. Mr. Sinnott has worked as a director of GP Holdings and its predecessors and affiliates for over 25 years.

    ONEOK Inc. (NYSE: OKE)

    ONEOK Inc. (NYSE: OKE) shares headed falling, lower as much as -3.70%. The most recent rating by Seaport Global Securities, on August 28, 2020, is at a Buy. Previously, ONEOK Inc. (OKE) has participated in Barclays CEO Energy-Power Virtual Conference Sept. 8-9, 2020. ONEOK Inc. has a 52-weeks low range of $12.16 and a high range of $78.48. It has a market capitalization of $11.54 billion.

    DCP Midstream LP (NYSE: DCP)

    DCP Midstream LP (NYSE: DCP) Shares headed falling, lower as much as -1.94%. The most recent rating by UBS, on July 13, 2020, is at a Neutral. DCP Midstream LP (DCP) has previously revealed that it has joined the World Economic Forum’s global lighthouse network. The Global Lighthouse Network is a platform to develop, replicate, and scale up innovations. It is best known for creating opportunities for cross-company learning and collaboration, and for setting new benchmarks for the global manufacturing community.

    Equitrans Midstream Corporation (NYSE: ETRN)

    Equitrans Midstream Corporation (NYSE: ETRN) last closed at $9.19, in a 52-week range of $3.75 to $15.24. Analysts have a consensus price target of $12.55. Equitrans Midstream Corporation (ETRN) has issued a statement regarding a contract dispute and the related attempt by EQT Corporation (EQT) and its financial advisor to market ETRN’s Hammerhead pipeline. Its market capitalization has remained high, hitting $3.90 billion at the time of writing.

    Western Midstream Partners LP (NYSE: WES)

    Western Midstream Partners LP (NYSE: WES) stock drop by -2.92% to $7.66. The most recent rating by Tudor Pickering, on August 21, 2020, is at a Buy. Western Midstream Partners LP (WES) revealed the exchange of its 98% interest in the $260 million 6.50% fixed-rate note receivable due 2038 from Occidental Petroleum Corporation for 27.855 million WES common units owned by Occidental.

    Plains GP Holdings L.P. (NYSE: PAGP)

    Plains GP Holdings L.P. (NYSE: PAGP) Shares headed falling, lower as much as -0.14%. The most recent rating by BofA Securities, on July 21, 2020, is at a Buy. Plains GP Holdings L.P. (PAGP) along with Plains All American Pipeline, L.P. has received notice of management changes. Robert V. Sinnott will be retiring from service as Kayne Anderson’s designated representative on the Board of Directors of PAA GP Holdings LLC.

    Enbridge Inc. (ENB)

    Enbridge Inc. (ENB) stock soar by 0.13% to $30.94. The most recent rating by Citigroup, on August 13, 2020, is at a Buy. Enbridge Inc. (ENB) revealed on Wednesday it will restart the East segment of its Line 5 pipeline in the Straits of Mackinac after receiving official permission from the U.S. federal pipeline regulator. It has a market cap of $62.42 billion at the tie of writing.

    Antero Midstream Corporation (NYSE: AM)

    Antero Midstream Corporation (NYSE: AM) last closed at $5.22, in a 52-week range of $1.69 to $8.45. Antero Midstream Corporation (AM) has traded up 208.88% from its 52-weeks low and traded down -38.22% from its 52-weeks low. Looking at its liquidity, it has a current ratio of 1.00. Analysts have a consensus price target of $6.33. Antero Midstream Corporation (AM) market cap has remained high, hitting $2.48 billion.

    Golar LNG Limited (NASDAQ: GLNG)

    Golar LNG Limited (NASDAQ: GLNG) stock soar by 2.97% to $12.15. The most recent rating by Cowen, on May 29, 2020, is at an Outperform. Golar LNG Limited (GLNG) share price went from a low point around $4.54 to briefly over $15.86 in the past 52 weeks, though shares have since pulled back to $12.15. Golar LNG Limited market cap has remained high, hitting $1.12 billion at the time of writing.

    EnLink Midstream LLC (NYSE: ENLC)

    EnLink Midstream LLC (NYSE: ENLC) fall -2.72% after losing more than -$0.07 on Tuesday. In the at 52-weeks of trading, EnLink Midstream LLC (ENLC) stock has fluctuated between the low of $0.88 and a high of $9.37. It has moved up 184.09% from its 52-weeks low and moved down -73.32% from its 52-weeks high. Its market capitalization has remained high, hitting $1.22 billion at the time of writing.

    Frontline Ltd. (NYSE: FRO) 

    Frontline Ltd. (NYSE: FRO) Shares headed falling, lower as much as -4.76%. The most recent rating by DNB Markets, on May 28, 2020, is at a Buy. Frontline Ltd. (FRO) share price went from a low point around $6.09 to briefly over $13.33 in the past 52 weeks, though shares have since pulled back to $7.41. Frontline Ltd.’s market cap has remained high, hitting $1.42 billion at the time of writing.

    Euronav NV (NYSE: EURN)

    Euronav NV (EURN) last closed at $9.55, in a 52-week range of $7.85 to $13.21. Analysts have a consensus price target of $14.11. in the at 52-weeks of trading, Euronav NV (EURN) stock has fluctuated between the low of $7.85 and a high of $13.21. It has moved up 21.66% from its 52-weeks low and moved down -27.71% from its 52-weeks high. Its market capitalization has remained high, hitting $1.96 billion at the time of writing.

    DHT Holdings Inc. (NYSE: DHT)

    DHT Holdings Inc. (NYSE: DHT) fall -5.08% after losing more than -$0.3 on Tuesday. DHT Holdings Inc. (DHT) share price went from a low point around $4.77 to briefly over $8.83 in the past 52 weeks, though shares have since pulled back to $5.60. DHT Holdings Inc.’s market cap has remained high, hitting $888.66 million at the time of writing.

    MPLX LP (NYSE: MPLX)

    MPLX LP (NYSE: MPLX) last closed at $17.49, in a 52-week range of $6.87 to $30.53. Analysts have a consensus price target of $23.60. MPLX LP (MPLX) has moved up 154.59% from its 52-weeks low and moved down -42.71% from its 52-weeks high. Its market capitalization has remained high, hitting $18.46 billion at the time of writing.