Golar LNG Partners LP Buyback
OLI recorded this information on 3/5/2018
Golar LNG Partners LP
In light of the recent lows in the price of its common units, Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today that the Board has authorized the repurchase by the Partnership of up to $25 million of its outstanding common units over the next two years. Under the terms of the repurchase program, the Partnership may repurchase common units from time to time, at the Partnership's discretion, on the open market or in privately negotiated transactions. Any repurchases are subject to market conditions, applicable legal requirements and other considerations. Common units will be purchased only during periods where the Partnership is not aware of material inside information that would likely affect a seller's decision to sell. The Partnership is not obligated under the repurchase program to repurchase any specific dollar amount or number of common units, and the repurchase program may be modified, suspended or discontinued at any time. Any common units repurchased by the Partnership under the program will be cancelled.
Golar LNG Partners is engaged in owning and operating floating storage regasification units, liquetied natural gas carriers and an interest in a floating liquefied natural gas.
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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