Jam ya cupboard. Let me simplfy the scenario. Oil ~$100 barrel in 2015 at which point Saudis ramp production up to take control of the market only to realise US rigs can operate on a really low profitable budget and survive at $30 oil. Umm what do we do now ok let's get all OPEC to reduce production to bring oil prices back up. Fast forward 3yrs we are ~$70 barrel in 2018 getting back on track to pre 2015 oil crises and LNG once again becomes flavour of the month. The LNG industry lost 3 years of progression and LNG ltd were not to blame. GV, MB or even GOD had zilch power to get deals happening in this period. $5 came as quick as it went. Cars and penthouses came and went. Alot of us made serious paper profits but the macro political struggle between economies ripped companies to shred. I myself and alot I know have missed out on life changing gain's. But have we? If you haven't lost faith and believe we are still on the verge of some serious SP appreciation then kudos to you. You either run and hide in the cupboard or put your balls on the line and patiently wait for the dice to roll. Your either in or out. I call bull5hit to the naysayers who appear all in only to question their investment with repetitive negative sentiment.
LNG Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
