After accompanying Golar management in client meetings, Jefferies analyst Randy Giveans remains "convinced" that the liquefied natural gas shipping market is likely to continue to strengthen over the next few years as new liquefaction capacity continues to outpace vessel deliveries. Golar LNG (GLNG) and Golar LNG Partners (GMLP) are both "very well positioned to benefit from this expected market strength," Giveans tells investors in a research note. Further, the analyst says Golar's non-shipping projects continue to progress and will provide substantial EBITDA in the coming years. He expects 60% upside from current Golar LNG share levels and for the stock to reach his current sum-of-the-parts valuation of $40 per share in 2019. In a research note titled "GLNG-le Bells, GLNG-le Bells, GLNG-le All The Way...To At Least $40 In 2019," the analyst keeps a Buy rating on both Golar LNG and Golar LNG Partners.