Added to YB: 2024-07-17
Pitch date: 2024-07-16
CLCO [bullish]
Cool Company Ltd.
-15.74%
current return
Author Info
Company Info
Cool Company Ltd. acquires, owns, operates, and charters liquefied natural gas carriers (LNGCs). As of December 31, 2024, it owned a fleet of twelve LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; one 2-stroke MEGA LNG carriers; and managed three LNGCs, and floating storage and regasification units for third parties.
Market Cap
NOK 249.5M
Pitch Price
NOK 11.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.20
P/E
2.55
EV/Sales
4.32
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Taking a stab at floating steel: Cool Company $CLCO
CLCO: LNG carrier, 13.78% yield 2x covered by OCF. P/TBV 0.85 vs peers 1.6+. 3.1yr avg contract backlog, 14yr GAIL deal. Risks: LNG carrier glut, low day rates, dividend cut. Upside: contracted fleet, Eastern Pacific backing. P/OCF 3.65, hedge for nat gas plays. Contrarian play on LNG demand.
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