Is FLEX LNG Ltd. (FLNG) A Good Stock To Buy Now?

Is FLNG a bully banal to buy? We came crossed a bullish thesis connected FLEX LNG Ltd. connected Piggo’s Trading Desk’s Substack. In this article, we volition summarize the bulls’ thesis connected FLNG. FLEX LNG Ltd.'s stock was trading astatine $31.03 arsenic of April 21st. FLNG’s trailing and guardant P/E were 22.67 and 19.19 respectively according to Yahoo Finance.

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Flex LNG Ltd. (NYSE: FLNG) is simply a U.S.-listed LNG shipping institution focused connected owning and operating a modern, fuel-efficient fleet of LNG carriers to capitalize connected increasing planetary request for liquefied earthy state transportation. Headquartered successful Bermuda, the institution operates a thin exemplary centered connected fleet optimization, semipermanent chartering, and disciplined superior allocation.

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Its halfway spot lies successful a fleet of thirteen state-of-the-art vessels (nine MEGI and 4 X-DF built betwixt 2018 and 2021), supported by semipermanent contracts with large vigor companies, providing unchangeable and disposable currency flows done a steadfast backlog of astatine slightest 53 years, with imaginable upside to implicit 80 years done extensions.

The institution benefits from beardown enactment nether Chairman Ola Lorentzon and CEO Halfdan Marius Foss, alongside a seasoned absorption squad overseeing operations, finance, and fleet performance.

Financially, Flex LNG has a marketplace capitalization of astir $1.63 billion, supported by coagulated liquidity with ~$448 cardinal successful cash, though leverage remains elevated with $1.85 cardinal successful debt. Despite this, the lack of near-term indebtedness maturities and beardown charter sum de-risk near-term currency flows, with 2026 gross guidance of $310–340 cardinal and charismatic clip charter equivalent rates.

The concern lawsuit is driven by its modern fleet, semipermanent contracted revenues, and vulnerability to a structurally beardown LNG market, positioning the institution arsenic a unchangeable currency travel generator with dividend potential. However, its asset-heavy exemplary results successful debased plus turnover and precocious leverage, making show delicate to LNG demand, freight rates, and charter renewals.

While risks astir cyclicality, refinancing, and fleet attraction persist, Flex LNG offers a balanced risk/reward illustration arsenic a moderately leveraged, contract-backed LNG shipping play with imaginable upside tied to sustained spot successful planetary vigor markets.

Previously, we covered a bullish thesis on Golar LNG Limited (GLNG) by Value Science in February 2025, which highlighted upside from commodity-linked tariffs, FLNG declaration optionality, and newbuild opportunities contempt uncertainty. GLNG’s banal terms has appreciated by astir 30.92% since our coverage. TPiggo shares a akin presumption but emphasizes connected stable, semipermanent charter-backed currency flows and fleet ratio successful Flex LNG Ltd..