Golar LNG initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Golar LNG (GLNG) with a Buy rating and $54 price target The company is the only public pure-play owner and operator of floating LNG – FLNG – production units, and the firm views FLNG as a compelling market niche with economics that appear increasingly competitive relative to larger-scale onshore facilities and with an ability to target stranded, lower-cost gas supply sources, the analyst tells investors in a research note.