Nothing works out well for Christian including his MDXG short. He'll learn..someday perhaps
Rev guidance down 7% or so and stock down 25%. Complete disconnect. Looking for a nice bounce back on this, if not today then next couple of days. Look at analyst notes today I see price targets have been dropped to 15, 17, 21, 19, 17, 14 and 20, from the notes that I have.
No they are not. As I posted below, I have 7 notes this morning and the reduced targets are still at 16, 17, 21, 19, 17, 14 and 20
Sorry DNB Markets Golar LNG Limited (NASDAQ:GLNG) was downgraded by equities research analysts at DNB Markets from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.
Norwegian investment bank//leading one in Norway according to their website
Credit Suisse "Bump in the road". They are at neutral with a $20 target. Evercore ISI
Don't Confuse a Hiccup with Choking
GLNG's prospective partner for its second FLNG project, Ophir Energy,
announced this morning that it is terminating discussions with its other
partner for the Fortuna FLNG project, Schlumberger (SLB), because
it could not agree on terms of the development. This announcement
adds doubt to the completion of the project as SLB was seen as adding
proof of concept, financing capabilities, and improving the chances of
successful completion overall. However, Ophir is still moving forward
with the project, though likely now delayed by up to 6 months (FID in
4Q16, first gas in early 2020), and noted its negotiations with GLNG for
its midstream role is nearing completion as are agreements for offtake.
We are going to take a conservative view on the latest update, and now
assume that the project only has 50% likelihood of moving forward. All
else equal, pushing first gas back to 2Q20 and cutting the probability of
the project moving forward at all removes about $7/share in estimated
value from our sum-of-the-parts analysis on GLNG. As such, we are
dropping our price target to $40 (from $47) for now, yet we reiterate our
Buy rating on GLNG.
Ozark just wins the award for funniest post of 2016. He is actually talking about MDXG in terms of a company spinning numbers! LOL! I think he forgot what OSIR does!
ozark, you have proven to be a clueless investor but let me help you out. Your logic is about as bad as when your slappies compare OSIR stock price to MDXG since it has a fraction of the O/S shares, rather than comparing market cap which is what is relevant. Same with short interest. To compare how many shares are short is nonsense (Iike OSIR's "study"). The short interest for MDXG and OSIR are about the same. 20 days to cover for MDXG, 19 days to cover for OSIR.
Ozark, better brush up your reading and learn what a "study" is. What OSIR did is NOT a study. It's more like something one would read about in the Donald's paper where he gets his news from, the National Enquirer.
You can't change the stripes on a tiger. In other words once a jerk always a jerk. Been busy enjoying retirement. This too shall pass. And, this board has largely been taken over by #$%$
Filed another Form 4. Bought another 30,000 shares yesterday. That makes 120,000 shares in the last week or so, over $800,000 of his money. The man didn't accumulate his wealth making bad decisions.