J Mintzmyer from US-based Value Investor’s Edge is so confident that shares in NASDAQ-listed Golar LNG are set to soar that he has put money on the table for anyone who proves him wrong.
Mintzmyer last month christened NASDAQ-listed Golar LNG as the “stock of the decade” as global LNG trade surges, led by Asian demand.
This week, writing on Seeking Alpha, Mintzmyer went a step further. The popular Golar bullish investor and market researcher with 10,000 followers is offering a $5,000 challenge to bears. Mintzmyer has called for Golar bears to send their best reports to him by October 22, and he will publish and pay $1,000 to the best. If the stock is down in three months, Value Investor’s Edge will pay a $5,000 bonus.
“The amount of complacency in the markets is unbelievable. Spot rates have been surging during the past 2-3 months, but mainstream coverage is non-existent,” Mintzmyer wrote of the LNG trades this week in a blog post on Seeking Alpha, adding: “Folks don’t realize that Golar is set-up like an absolute rocket-ship.”
Golar LNG shares closed yesterday on $27.95, up 1.42%.