NEW YORK, April 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding GasLog Ltd. (NYSE: GLOG), Golar LNG Ltd. (NASDAQ: GLNG), Nordic American Tankers Limited (NYSE: NAT), Teekay Corporation (NYSE: TK) Scorpio Tankers Inc. (NYSE: STNG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1333-100free
GasLog Ltd. Analyst Notes
On April 10, 2014, GasLog Ltd. (GasLog) announced the completion of its acquisition of three LNG carriers from Methane Services Ltd (MSL), an affiliate of BG Group. Paul Wogan, CEO of GasLog, commented, "We are delighted to complete this accretive transaction and bring these vessels into the GasLog fleet. The acquisition increases the size of our wholly owned fleet to 18 vessels with 11 of these ships currently on the water. The transaction also further strengthens our long-standing relationship with BG Group." In the completion of the transaction, GasLog has drawn down on its $325.5 million credit facility with Citibank, N.A., London Branch, and satisfied the remainder of the $468 million consideration with cash raised in the follow-on equity offering completed in January 2014. The full analyst notes on GasLog Ltd. are available to download free of charge at:
Golar LNG Ltd. Analyst Notes
On April 15, 2014, Golar LNG Limited's (Golar LNG) stock increased 5.43% to end the day at $45.08, compared to the previous day's closing price of $42.76. The Company's stock has increased 28.10% over the past six trading months, compared to the Nasdaq Composite which rose 6.33% during the same trading period. The full analyst notes on Golar LNG Ltd. are available to download free of charge at:
Nordic American Tankers Limited Analyst Notes
On April 11, 2014, Nordic American Tankers Limited (Nordic American Tankers) announced that the underwriters has exercised in full the option granted to them by the Company and purchased an additional 1.8 million common shares on the same terms on which the 12 million common shares were sold to the underwriters. This is in connection with its previously announced public offering of 12 million common shares at a public offering price of $8.62 per share. The Company also announced that the closing of the follow-on offering and the closing of the option to purchase additional shares took place simultaneously on April 11, 2014. The total net proceeds to the Company were approximately $113.6 million. The full analyst notes on Nordic American Tankers Limited are available to download free of charge at:
Teekay Corporation Analyst Notes
On April 4, 2014, Teekay Corp. (Teekay) announced that its Board of Directors has authorized and declared a quarterly cash dividend on its common stock of c. $0.32 per share. The dividend is payable on April 30, 2014 to all shareholders of record as of April 17, 2014. The full analyst notes on Teekay Corporation are available to download free of charge at:
Scorpio Tankers Inc. Analyst Notes
On April 15, 2014, Scorpio Tankers Inc. (Scorpio Tankers) announced updates on its fleet. The Company reported that it has recorded a gain of $51 million from the previously announced sale agreement of the seven VLCC newbuilding contracts. The Company also announced that at the end of March 2014, it has taken delivery of STI Texas City. Scorpio Tankers also finalized the previously announced sale agreements of Noemi and Senatore, and the Company reported that the previously announced sale agreement of STI Spirit, which is expected to be finalized before the end of April 2014, recorded loss in its Q4 2013 financial results. The full analyst notes on Scorpio Tankers Inc. are available to download free of charge at:
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