jwhiteman, I'm a tad confused, can you help me out here...

jwhiteman, I'm a tad confused, can you help me out here please?

In your last post you said that 'oil crashed to $26 in Feb 2016, that's over four years ago'. Yep I get that bit and agree.

With that in mind, and the part I fail to grasp is when you can't see an issue with the company coming out with outlandish statements after 'oil crashed'.

Here is a refresher of management statements that came out after February 2016 as per Moneybags post:
01/17 Moving to finalize firm offtake agreements
03/17 Forecast FID in July 2017
03/17 Construction on Magnolia is expected to begin later this year
03/17 Negotiations (with investment grade counterparties) are advanced
06/17 Expected to have the whole facility contracted in the next 6-12 months
10/17 Confident of signing offtake agreements with credit worthy buyers later this year or early 2018
11/17 Discussions heavily focused on investment grade and credit worthy buyers
12/17 Talking about deals up to 25mtpa
03/18 There’s real potential to get a final investment decision by the end of the year

You can't see an issue with these statements then?