Gidday Daz, sorry for the slow reply. Gap below at 87 cents so it might push back to it or close enough. Today was not great, high volume on big red candle.
I'm sitting on the sidelines for the time being. Yesterday's ann re non-binding offtake agreement for 20 years is positive but I think the market suspected it to an extent. Not too mention Magnolia LNG has not been awarded NTP (Notice to Proceed) on it's construction.
It's important to bear in mind also that even if the regulatory approval for Magnolia's construction is awarded by FERC, the party providing finance for it's construction will not commit unless all 8mtpa are signed off agreements.
This is something I try to remember to keep myself grounded re LNG.
Of course it could bounce back and close gap up to $1.065... lol
