Bullish Golar LNG analyst puts his money where his mouth is

Bullish Golar LNG analyst puts his money where his mouth is

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%.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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