I am in LNG for the long haul. it is not to bet whether BTA would happen in the 2018.
Because something would happen eventually. LNG's value is immense in terms of its strategic position.
1. Stonepeak would contribute $660m for half of the stake in Magnolia LNG on FID. (valuation?)
2. Given LNG's recent market cap, about AUD 222m, any LNG entrance or player could acquire LNG to fast-track strategic position, much cheaper than spending billions of dollar getting through design, regulatory hurdles. A typical LNG project costs up to $10b, so $222m is not a big deal for LNG players.
3. LNG patented OSMR technology is valuable (cost advantage?)
4. Its LNG development in Canada and US not only taps on cheap source of natural gas in North America, but is probably part of the bargaining chips between US-China relation.
LNG Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
