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AronInvest July 21, 2011 Portfolio Watch: Golar LNG Limited (NASDAQ:GLNG)

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July 21, 2011.



AronInvest™ picked Golar Limited (NASDAQ: GLNG) as a stock to watch for upward momentum on June 27, 2001 ( . Golar Limited was showing an expected sustained upward trend.

Since AronInvest™ picked GLNG (Golar), the stock has recorded a sustained upward momentum despite uncertainty in the market. GLNG price has closed at $ 39.05 on July 21, 2011 from the June 27 base price of $32.82, a dramatic 19% increase within three weeks.



Several investors and researchers are so enthusiast about the performance of GLNG that they have raised the short and near term target prices:

  • On July 8, 2011 Morgan Stanley (NYSE: MS) raised their price target on shares of Golar LNG Limited to $46.00 in a research note to investors


  • Lazard Capital raised the price target on shares of Golar LNG Limited to $45.00 in a research note to investors on July 19, 2011.


  • Before June 27 AronInvest™ prediction, Zacks Investment Research upgraded the shares of Golar LNG Limited from an "underperform" rating to a "neutral" rating in a research note to investors on Tuesday, June 14th.



    Overall AronInvest™ prediction on Golar LNG Limited (GLNG) remains in the positive growth territories, especially given the energy sector, natural gas, in which Golar LNG Limited operates as the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). The natural gas sector is expected to grow as the US and other economies are pushing for alternative fuels.



    AronInvest™ continues to keep the GLNG stock in the portfolio to watch for upward movements.



    ©AronInvest, 2009-2011.
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