Shares of Golar LNG (
) emerged from a brief trading halt, and are now down 4% to $30.50,
but well above a day low $23.56.
GMLP shares have traded in a 52-week range of $22.41 -
No specific news is apparent that would account for the
July 25, Golar LNG Partners LP announced that its board of
directors has declared a quarterly cash distribution with respect
to the quarter ended June 30, 2012 of $0.44 per unit. This
represents an increase of 2.3% from the first quarter of 2012.
A week before that, Golar LNG Ltd announced that it has
completed its sale of interests in the companies that own and
operate the floating storage and regasification unit (FSRU)
Nusantara Regas Satu to Golar LNG Partners L.P. for a price of
US$385 million. The company has agreed to provide Golar LNG
Partners L.P. with USD$155 million in vendor financing with the
balance of US$230 million to be received in cash. It is anticipated
that the Partnership will secure bank financing and use the
proceeds from this to repay the company's vendor financing during
the third quarter.
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