Set for another green day ... general market holding the move

Golar LNG is up 12.82% to 8.45

the market has finally woken up. Took a while for the coffee to set in....

Believe this to be a shake out and buyers should step in

Maybe a detail, but the language of the HYGO press release yesterday indicates that the review is ongoing. Their PR seems to be given a nod to the all-clear, based on investigation so far - "The procedures undertaken by these advisors as part of the review have not identified evidence establishing bribery or other corrupt conduct involving Hygo. The Board is pleased with the output to date and will continue its review ..."

https://thefly.com/landingPageNews.php?id=3183890&headline=GLNG;HYGO-Golar-LNG-notes-Hygo-review-to-date-has-not-found-evidence-of-bribery

We are almost 4 weeks into the independent review. We should be close to something official on the review plus the appeal on the Petronas tender that should be tied to the outcome of the review as well ... sp action with volume should provide early hint as it did during the drop from 13.90 ... glta

Current SP doesn't fully reflect modification to the Hilli contract as it is a big deal to add capacity. Big bump on revenue with marginally smaller increase in cost from Golar's POV. Should be in 9s (assuming no HYGO IPO)

https://www.energymixreport.com/new-gas-platform-in-test-phase-off-cameroon-to-strengthen-gas-supply-to-hilli-episeyo/

Interesting setup ... key points to watch for move up are 7.65, 8 and 8.5

One MOU cancelled and another executed ! ... Golar remains a force in Brazil.

NFE traded to new all-time high today, with a market cap now $9B.This board has played out the comparison before, but it is worth notingthat GLNG is in the same line of business, has at least as good global growthopportunities, and in addition has, upstream, 2 FLNG projects with majors partners, including BP. Its more than just a utility LNG-Power business, as NFE is.Today's new MOU in Brazil, is big news if only to reestablish credibility that GLNG/HYGO is in the pole position for LNG distribution in Brazil. So, GLMG trades at a market cap of $700M, 12 x less than NFE. This gap will close in due course. The IPO of HYGO was key for liquidity for cash needs of both GLNG and HYGO, and that will need to be resolved in the coming months. Once it is - and here again the MOU today plus the new CEO once installed next week greatly help the argument for a successful relaunched IPO -GLNG shares won't stop in the teens, imo

This MOU and new appointment puts back in the 8s (as a minimum). I had mentioned that the bouce will bring it around 7.30~7.50 but now that we have a new heavyweight CEO for HYGO it should be 8.50 (as a minimum).

Norsk Hydro announces set-up of two new divisions

Not sure if others missed this last week - Golar Power has been cleared by Brazil's mines and energy ministry to import up to 20mn m3/d of LNG through the Bahia regasification terminal despite continued uncertainty over whether the company's sole bid to lease the facility is valid.Golar Power has reiterated its interest in the lease and refuted Petrobras' assessment of the company's integrity risk after Golar Power's chief executive was implicated in Brazil's sweeping Car Wash corruption probe.

The key news today is that they are clearly committed to HYGO,and have filled the CEP from the outside with a person of high credentials. No one of that standing would accept this role if not expecting HYGO has a bright future, imo

Norsk - Nydro MOU terminated today ..... new CEO for HYGOHygo Leadership Update12 Oct 2020Golar LNG Limited today announced that Hygo Energy Transition Limited (“Hygo”), has appointed Paul Hanrahan as Chief Executive Officer, effective October 19th 2020. Mr. Hanrahan will also join the board of directors of Hygo. Mr. Hanrahan brings to the role extensive international business experience, as the former President and Chief Executive Officer of The AES Corporation, one of the world’s leading independent power producers (2002-2011), former Chief Executive Officer of American Capital Energy and Infrastructure Management, an investment company in the energy and infrastructure industries (2012-2017), and former Chief Executive Officer of Globeleq, a leading independent power producer in Africa (2017-2019). Mr Hanrahan also sits on the board of Ingredion Inc, as a member of the audit committee. Mr. Hanrahan holds a Master of Business Administration degree from Harvard Business School and a Bachelor of Science degree in mechanical engineering from the U.S. Naval Academy. Mr Hanrahan is replacing Eduardo Antonello who is stepping down from his role with Hygo, effective immediately. The board accepted the resignation of Mr. Antonello and his wish to protect and isolate Hygo from any misleading interpretation caused by recent allegations involving Mr. Antonello for actions taken prior to his work for Hygo. The board thanks Mr. Antonello for the significant contribution in building the company’s businesses and organization.Hygo and Norsk Hydro (“Hydro”) have today mutually agreed to terminate the existing MOU between the parties dated July 22, 2020 to supply LNG to the Alunorte alumina refinery in Brazil. The Barcarena Terminal is the only one permitted in the region and will have the opportunity to significantly reduce energy costs, and support environmentally responsible and sustainable industrial growth throughout this immense region. Hygo estimates a potential for replacing approximately 1.8 million tons of LNG equivalents per annum of LPG, diesel, fuel oil, and coal from the terminal – creating the foundation for a broader transition away from carbon-intensive energy sources in the region.Hygo has secured 25 year PPAs for a 605MW power station and has received the necessary permits and has been awarded the port concession, to start building the LNG import terminal in the area. Hygo remains committed to the Barcarena Terminal and its plans will not be affected by the termination of the MOU with Hydro. Construction is expected to start shortly with commencement of operations in the first half of 2022.Hygo has, since formation in 2016, built and developed unique infrastructure assets with large contracted revenue backlog for up to 25 years. The company will under the new strong and experienced leadership of Paul Hanrahan continue to deliver cleaner and cheaper energy to emerging markets.

NFE trading @ $48 !! i was about buy shares earlier in the year @ $13... and decided to stick with GLNG.. Any news with HYGO? Anyone believes by end of year it will list ?

It would be nice to get press releases on appealing PB decision and something on Hilli contract.

No one will bid for anything with Petrobras given the scams. No big player would like to tarnish their image, more so given the tight money supply for this industry.Gl!