Shorters are closing out their positions. Almost 8 million shorted shares closed over the last day. Now only 11.5 million shorted shares remain and DoE approval is expected early next week. The concern is that someone has happily sold into this shorting exit as the share price could have bounced very fast. I wonder if Valinor has anything to do with this?
Natural gas is approaching 52 week highs and has increased sharply of late.
Oil is the only concern, however LNG is seriously oversold in my opinion. All we need is management to remind us of the information pipeline expected in 2016.
$2 by calendar year end is a very conservative estimate, which could be blown out of the water if we secure another BTA.