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Fly News Breaks for April 20, 2018
KOS, BP, GLNG
Apr 20, 2018 | 08:25 EDT
Stifel analyst Benjamin Nolan raised his price target on Golar LNG (GLNG) to $42 from $36 after the company announced a Heads of Terms to provide the first FLNG unit, with an option to provide a second, to BP (BP) and Kosmos (KOS) on their Tortue field in offshore Mauritania and Senegal. The analyst views this announcement as having "enormous upside potential" and as one of a "potentially lengthy list of possible catalysts" for Golar LNG, he tells investors. Nolan maintains a Buy rating on Golar LNG shares.
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