Analyst Bjorn Kristian Roed has sliced the shipowner from buy to sell amid the belief the market is expecting too much from the company in the opening period of 2014.

Consensus in the market is for Golar to report a loss of $5.8m, while Roed believes the red ink will be more than double that at $12.3m.

Average EBITDA estimates are for a gain of $7.5m,