Just got in to see the market close at 51.5c in our favourite stock.
LNG is not alone. Quite a few stocks that I follow have come off in the past few days.
Market appears to be a little edgy in the spec end of town.
Spoke with Fosters earlier in the day and their man who is currently in the U.S who attended Cheniere Energy’s two-day Investor tour at Sabine Pass Facility was very impressed with the location of the Magnolia plant and had the opportunity to speak with some heavy hitters who have done very well with their investments in Cheniere Energy.
Some have already made 20 times their money in just a few years it seems.
These same investors are very much aware of the LNG Magnolia story and some have already been buying some stock in the high 50's.
They are awaiting the FERC approval as we all are. Once we get this, I am expecting some major interest from this group.
The Fosters gentleman in question will write up a report on his return and when I receive a copy I will pass it on to you guys.
Cheers and have a good weekend.
LNG Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
