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Holly LaFon
Holly LaFon
Articles (4297) 

Baron Funds Comments on Golar LNG

May 24, 2012 | About:
From the Baron Funds' first quarter letter: We initiated a position in Golar LNG Ltd. (NASDAQ:GLNG), which declined 11.4% during the period held. Golar is engaged in the transportation, trading, liquefaction and regasification of liquefied natural gas (LNG). The company owns, operates and charters LNG carriers and floating storage and regasification units. While worldwide supply of LNG has increased, shipyard manufacturing of LNG vessels bottomed in the last two years, creating a supply/demand imbalance that is driving steep rate increases on available vessels. We believe that the current valuation substantially undervalues Golar's unique assets, which include a fleet of 19 vessels. (Gilad Shany)

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