Bumpy Ride Ahead
I own stock in this company but I am feeling a bit edgy. Fisherman's Landing has been written off in their books, and the lease expires in a few months. Which means that it's an all or nothing proposition with magnolia. I read this article and it gives an interesting angle on the whole lng global market and context.
http://www.valuewalk.com/2014/01/nuclear-plant-restarts-spells-trouble-lng/
It's a hell of a lot of money to fund the remainder of the project, banks don't just hand out a few billion dollars like that.
I am still holding for the moment but won't be increasing my hoding and putting my capital at risk until I get more substantive data than the regular monthly anecdotal updates.
It's good to hear you guys talking the stock up, but please accomodate my opinion because I think it's worth pondering and I do hold the stock. Understanding the bigger picture of the lng market cannot be a negative in making the right investment decision.
- Forums
- ASX - By Stock
- bumpy ride ahead
Bumpy Ride AheadI own stock in this company but I am feeling a...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)