Let’s keep it real Wook, 0.51 is really 0.51/4 or 12.75 cents, as it’s a four to one ratio security. LNGLF was up 15cents or nearly 30% (it’s a one to one)
That said, both the US OTC’s are trading at a premium to our close yesterday, roughly 84.5 for LNGLY and 86.5 for LNGLF. Volumes were up 5x and 10x.
Seems there’s a leak or a whale has entered our waters. And the leak doesn’t necessarily have to come from within LNG, it could be from a Chinese entity that’s getting closer to inking a deal and has decided to make some spare cash before they sign. I have no idea if this is the case, I’m merely providing one of the many possible scenarios.
I’d be chuffed if we could hold these gains next week, it’s been a tough three years.
