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Fly News Breaks for October 2, 2019
GLNG
Oct 2, 2019 | 08:38 EDT
While the timing of the management shake-up at Golar LNG may surprise some, as the company is pretty far down the road towards spinning off its liquefied natural gas shipping fleet, it is important to note that CFO Graham Robjohns will stay on until April 2020 and the shipping spin is expected to be completed by the end of 2019, Deutsche Bank analyst Chris Snyder tells investors in a research note. As such, the analyst does not think the shake-up has negative implications for the shipping spin. He keeps a Buy rating on Golar LNG shares.
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