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.
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.
LNG Price at posting:
30.5¢ Sentiment: None Disclosure: Held
