Golar LNG Partners LP (GMLP)

[Pisd]

Perfectly good company down 20-25% over dividend:

Although the distribution coverage ratio is unlikely to exceed 1.0 for the remainder of 2018, coverage levels in the run up to this transition phase were kept deliberately high in anticipation of this. The Partnership has $218 million of cash and undrawn credit facilities available to invest in growth opportunities and to pay quarterly distributions...Golar Partners will also seek to stretch its debt amortization profile to better match the economic life of its assets. The Board will evaluate the optimum long-term distribution level based on developments of these key events over the next two quarters.

GL