LNG 0.00% 4.3¢ liquefied natural gas limited

Price of oil is going to have a huge impact on this company...

  1. 55 Posts.
    Price of oil is going to have a huge impact on this company along with some of the other LNG exporters from the US.
    Shale production will slow largely based on the price of oil and at the current price, shale producers in the largest formations in the US will slow or shut in wells until the price returns to a solid level. With the drilling slowing then the LNG that is often found with these wells will slow down and cause higher costs. lower amounts, etc.

    That said, longterm this is still a great story with huge growth but all the LNG related stocks are going the way of Oil stocks....STRAIGHT DOWN!
    Until OPEC comes in and slows their production to raise the price of oil back consistently to 92 and above, pressure will remain on the energy sector as a whole, even Cheniere and LNG which are two of the favored spec stories out there in the US energy future.
    Huge support is on the way in the form of the last capital levels from the Hedgies. Unless its the end of the world, I fully expect a return to $4 by end of Nov if not higher.
 
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Currently unlisted public company.

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