Under $3, page-45

You could take the same figures and think of it a different way. They make $7.7 billion from operating cash flow. IMO that is a lot for a company with a $5.6 billion market cap. Sure they have HAD high capex, but you only need to understand that they have been building GLNG since 2011 and this was completed in 2015 to see why this was the case (this was an expensive multi-billion project). The first gas from that project only shipped in October 2015. So in the next set of accounts (due 19 Feb) we should see capex go down and gas sales up.

The debt will also decrease due to the capital raising they have done. While I don't expect cash flow from operations to be as high as the previous year (due to the oil price drop), I don't expect them to be making a loss (in cash terms anyway). $7.7 billion in operating cash flow is a lot of margin to take out (even with the oil price drop), particularly with the GLNG shipments now starting.

My prediction is that all the analysts will look at the accounts when they come out and realise it isn't as bad as everyone feared. Their debt will have been reduced, capex will be on a downward trajectory and volume of shipments will have increased.

Just my opinion.