It is just unfortunate that NMS released a disappointing report right as the market in general and the gas section in particular was experiencing a sell-off. There have been a few articles written of late suggesting that the LNG market could be a bubble and that when the gas comes on line it will coincide with other projects flooding the market and thus driving down prices. Add to this the fact the US markets have had their biggest 3 day slide since last March when all equities were going into meltdown and you have a scenario where any bad news on a company front is amplified. NMS will probably have another bad day on Monday in line with all stocks. If you still believe in the story and the FA written here then it is a good time to top up. If not then hold on for the ride as this will have some pretty big % moves over the next week or so.
NMS Price at posting:
19.4¢ Sentiment: LT Buy Disclosure: Held