Jacob Rubin sees value in $GLNG

In Part 2 of this two part podcast, Jacob Rubin discusses his thesis for GLNG, including why the company trades at a huge discount to its SOTP and why an upcoming spin can delever the core business and serve as a catalyst for the company.Part 1 of the podcast on FTAI: https://yetanothervaluepodcast.substack.com/p/podcast-87-jacob-rubin-is-flyingMy notes on GLNG: https://twitter.com/AndrewRangeley/status/1471134280906682371?s=20Jacob's research on GLNG: http://philosophycap.com/research.htmlChapters0:00 Intro1:35 GLNG overview5:55 GLNG's different pieces10:30 Discussing GLNG debt and convert maturity13:10 Focusing on the main value driver, FLNG22:00 GLNG's growth asset, Gimi24:45 GLNG SOTP math27:05 Why is the market sleeping on the current environment for GLNG?29:45 Capital allocation and GLNG's lack of share buyback34:55 Historical issues with shipping in general37:30 Closing thoughts