LNG 0.00% 4.3¢ liquefied natural gas limited

Real Acton tomorrow, page-37

  1. 1,049 Posts.
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    Ouch! 2.4m gross sort sales yesterday.

    Hope the chump at Totus isn't amongst them or still short. Given this recent 25th Sept article, he probably still is:

    Headwinds building for LNG Ltd?
    Over a year ago we wrote that we were intrigued with the rapid share price appreciation of LNG Limited. We note the following developments since that time: 1) Failure to sign a binding EPC contract originally targeted for 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.


    And with the Dow +137, WTI+0.8% $49.32, LNG.US is responding accordingly LGLY +16.8% & LNGLF +16.6%. Should see more pain for those short.

    Bring on them BTAs!
    Last edited by Timbogold: 08/10/15
 
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