It's just that price targets/predictions are not very useful if they do not have a date/timeline/milestone associated with them. IMO
Just re-reading over the Fosters report "US investors light up Magnolia", I see the report is dated 26th June 2014, and the $3.44/share valuation is their 12 month price target... They note the following "Catalysts" for that target too:
EPC Term Sheet Q3CY14
EPC Contract & Capital Cost Q4CY14
Binding Tolling Agreements Q4CY14
Project Finance Term Sheet Q4CY14
FERC Approval & Financial Close Q2CY15
First LNG export Q2CY18
So I guess their 12 month price target aligns with the milestone of "FERC Approval & Financial Close Q2CY15".
It seems that at this rate we should easily see $3.50/share before end of year! Others have suggested much higher after Binding Tolling Agreements (Q4 2014)! I would agree and hope so!
LNG Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
