CoolCo – LNG Traffic Jam in Gulf Indicates Share Price Direction

I wrote here several times about CoolCo- a spin off of 8 LNG tankers by Golar. Today, there were two articles that support the story. It is reflected in the share price, which increased to 85 NOK. My price target is 120 NOK.

Soaring LNG Demand Creates Traffic Jam At Gulf Of Mexico Ports

https://www.zerohedge.com/energy/soaring-lng-demand-creates-traffic-jam-gulf-mexico-ports

Germany in talks with Qatar on long-term gas supplies to reduce Russian dependence

Reuters

https://www.reuters.com/world/middle-east/qatar-emir-talks-energy-with-german-minister-emiri-court-2022-03-20/

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Disclosure: 

The goal of the blog is to provide investment ideas for further research. I/we have a beneficial position in the shares discussed above either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. The article does not represent investment advice. Please do your own research before making any investment action.

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