Nitin Sacheti of Papyrus Capital presented his in-depth investment thesis on Golar LNG (US: GLNG) at Best Ideas 2025, held from January 9-24.
Thesis Summary
Golar LNG appears poised to deliver record earnings, backed by improved contracts across its floating liquefied natural gas (FLNG) fleet.
Historically, Golar faced challenges with nascent FLNG technology and risky capital allocation, barely avoiding financial distress.
Rising LNG demand, particularly in Asia, paired with abundant supply from the US and Qatar, solidifies LNG as a critical transition fuel.
Nitin sees potential for GLNG to be worth $100+ per share in the coming years, driven by estimated FCF power of $10–$12 per share.
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Slides
Let’s listen to the full session and look over the transcript.
