Golar LNG Limited (GLNG): A Bull Case Theory 

We came across a bullish thesis on Golar LNG Limited on X.com by justfactstruth. In this article, we will summarize the bulls’ thesis on GLNG. Golar LNG Limited’s share was trading at $38.59 as of January 12th. GLNG’s trailing and forward P/E were 70.16 and 90.09 respectively according to Yahoo Finance.

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. GLNG presents a compelling opportunity following recent market volatility and positive developments. The stock, which traded at $45 on September 1st, was initially pressured by market reactions to provincial elections on September 7th but has since rebounded on strong analyst support and operational milestones. Goldman Sachs initiated coverage with a buy rating and a $54 target, highlighting significant upside linked to Golar’s commodity exposure, followed by Citi with a buy and $51 target.

Operationally, Golar confirmed on October 23rd that all Conditions Precedent for the 20-year charter of its MKII FLNG with Southern Energy in Argentina had been fulfilled, securing a long-term revenue stream and reinforcing its asset-backed growth story. The recent election outcome, with a likely landslide in favor of Javier Milei, reduces political risk and increases the probability of stable policy support, which may also accelerate M&A discussions that had been on hold pending election clarity.

Golar’s unique commodity-linked upside is a critical differentiator, with Goldman Sachs noting that if FOB prices average $9/mmbtu—roughly $10.50/mmbtu for JKM and TTF benchmarks—this could translate into an incremental $2.2 billion in EBITDA backlog, primarily from Argentina assets and its stake in SESA.

With earnings scheduled for November 5th, the stock appears poised to break above $46, near its near-term high, supported by both fundamental and macro catalysts. The combination of secured long-term charters, commodity exposure, reduced political risk, and analyst recognition positions Golar as an attractive risk/reward opportunity, offering potential for substantial upside in the near term while maintaining a robust operational foundation.

Previously we covered a bullish thesis on Golar LNG Limited (GLNG) by Value Science in February 2025, which highlighted the company’s FLNG leadership, commodity-linked contract upside, and potential new MkII vessel deals. The stock has depreciated approximately 4.36% since coverage. The thesis still stands as Golar secures long-term charters. justfactstruth shares a similar view but emphasizes macro and political developments, including Argentina’s election and the MKII FLNG charter.

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Disclosure: None.