Given it's current share price and the fact that it looks like it's heading over to the U.S exchange todays announcement might stimulate some corporate activity. LNG has been a shorted stock . I would be thinking it's probably not the best stock to be shorting at the moment. There is a risk that one could get caught with his pants around his ankles so to speak. It can be a dangerous game when shorting any stock but I reckon LNG is probably a little more dangerous then one would likely to expect . The volume today speaks for itself . We have been averaging less then 1.2 million over the past 10 days. Todays 5.4 million is a huge increase.
Interesting times. Will watch and see what happens on the U.S market tonight with todays news.
LNG Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held