""The share price has been treading water for far too long. So when you strip out cash backing, the value of both MLNG and BH sites and the advanced regulatory approval for both projects, it's clear that whilst BTAs will assure LNG of its future, the market isn't recognising the innate value in LNG's share price. Period.""
Unfortunately this is always the case where there are uncertainties that exist.
One of those uncertainties has been eradicated today. Perhaps another uncertainty will be made clearer, and that is the direction of the oil price when OPEC meet on the 30th of this month.
When these uncertainties have been dispelled the uncertainty of who wants to sign a BTA will be made easier for those who are currently jostling with the idea.
The uncertainty which has existed for quite some time has provided those with the money and the risk profile to take a decent stake at a largely reduced cost then what may have been possible otherwise. Some who had the courage to buy just last week at 58c have already seen the wisdom of that decision.
Fortune sometimes favors the brave.
It's been an interesting time for LNG and one might suggest it's going to get a lot more interesting in the months ahead .
So much to look forward to if the cards full our way !!
LNG Price at posting:
69.8¢ Sentiment: Buy Disclosure: Held