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Fly News Breaks for April 29, 2016
SLB, GLNG
Apr 29, 2016 | 10:39 EDT
Stifel analyst Benjamin Nolan said Ophir Energy's termination of its heads of terms agreement on the Fortuna FLNG project with Schlumberger (SLB) presents a "speed bump," but that the project is still viable. Ophir is close to completing LNG sales agreements with several offtake partners and both Ophir and Golar (GLNG) have reaffirmed their commitment to the project, Nolan tells investors. The analyst keeps a Buy rating and $45 price target on Golar LNG shares.
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