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08/10/15
17:51
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Originally posted by doctornoh
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I posted a chart which shows LNG share price tracked against the price of oil.
the reason for the big pop was due to the rally in the oil price. Simple as that. Sentiment changed in the energy sector across the board.
When we were trading at $5 the oil price was at $60.
As soon as the EIA inventory number came out today the share price lost momentum.
We are tracking oil simple as that. Until we get BTAs unfortunately the market sees us like any other energy company.
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Doc you nailed it, LNG is seen as just another oiler our fortunes rise and fall with the POO.
I take some comfort in the POO forecasts
http://knoema.com/wxgcxde/commodity...es?variable=Oil: OPEC reference price (US$/b)
And yes this is just an educated guess but look at the forcast for 2018 and beyond, you would suspect that the company's negotiating BTAs at the moment would also be looking at similar data.
Natural gas forcasts also look healthy around the time LNG should come into production.
http://knoema.com/wxgcxde/commodity...nd-tables?variable=Natural gas (US$/mBtu, US)
I do take a longer time view than some.