On the EBITA, that's even better news than I'd thought. I'd forgotten that Stonepeaks share is based on an IRR calculation over EBITDA. As you say, this actually means an increase in to EBITA of the project has a multiplier effect on LNG EBITA for the project since we get an increased share of an increased total.
I had thought I'd understood correctly that MB was talking about the race being in relation to financial close. Even if BH comes close to Magnolia that puts FC for BH at, I believe, 6-12 months earlier than has been suggested so far.
On the MLP, this aligns with what I'd started to believe was the main hinted intention for some time. I won't bother boring everyone though and going back over the general concept of what I suspect they are intending. As for the listing here being for some time, there is no reason they couldn't mean it'll take some time for anything to happen, they could mean that the first step might be to switch from and ASX + ADR listing to a CDI + US listing arrangement (at least initially, before a US only listing).
LNG Price at posting:
$4.35 Sentiment: Buy Disclosure: Held
