Cool Company: My Favorite LNG Stock As An Income Generator [Seeking Alpha]
Cool Company Ltd. Common Shares (CLCO)
Company Research
Source: Seeking Alpha
10min Summary Cool Company's long-term contracts provide revenue visibility, with a $1.8 billion backlog. Tiger and Panther will join the CLCO fleet in the coming months, boosting the company's profitability. The company distributes dividends with a 14.5% trailing LTM yield and a 71% payout ratio. CLCO's valuation is attractive, trading at lower multiples compared to peers, with a PNAV of 77% and LTV of 53%. The company offers a balanced mix of a competitive fleet, prudent balance sheet, and high dividend yield, justifying a Strong Buy rating. alvarez Note: I previously covered Cool Company ( NYSE: CLCO ) in April 2024. The company has a quality fleet and robust balance sheet. CLCO, among its peers, has the best dividend policy considering yields and payout ratios. At the time of the publication, CLCO traded at 73% PNAV and had 56% LTV. In summary, the company offered the best balance between fleet, debt, and valuation. I gave it a Strong Buy rating. I cover 1H24 resu
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CLCO
News
- Cool Company Ltd. - Increase in Share CapitalBusiness Wire
- Cool Company: Still Cool Despite The Dividend Cut [Seeking Alpha]Seeking Alpha
- Cool Company Ltd - Vesting of Restricted Stock Units to Primary Insiders and Mandatory Notification of Trades [Yahoo! Finance]Yahoo! Finance
- Cool Company Ltd - Vesting of Restricted Stock Units to Primary Insiders and Mandatory Notification of TradesBusiness Wire
- Cool Company Ltd - Ex-DividendBusiness Wire
CLCO
Sec Filings
- 11/21/24 - Form 6-K
- 10/25/24 - Form SC
- 9/25/24 - Form 6-K
- CLCO's page on the SEC website