An article from a shorter on livewire this morning if not already reported:
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Headwinds building for LNG LimitedTotus Capital Over a year ago we wrote that we were intrigued with the rapid share price appreciation of LNG Limited (see our original wire here). We note the following developments since that time: 1) Failure to sign a binding EPC contract originally targeted for the Q4 2014; 2) Failure to sign binding tolling agreements for at least 6 mtpa of Magnolia capacity; 3) Failure to achieve financial close in mid-2015; 4) The WTI crude price is down almost 50%; 5) The deferral of LNG projects by both BG and Excelerate Energy, with the latter citing lack of buyer demand. We continue to watch this story with interest. Disclaimer: Totus have a position in LNG.
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I have been looking to re enter.
LNG Price at posting:
$1.37 Sentiment: Hold Disclosure: Held
