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2,470 Posts.
346
08/10/15
16:54
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I posted a chart which shows LNG share price tracked against the price of oil.
the reason for the big pop was due to the rally in the oil price. Simple as that. Sentiment changed in the energy sector across the board.
When we were trading at $5 the oil price was at $60.
As soon as the EIA inventory number came out today the share price lost momentum.
We are tracking oil simple as that. Until we get BTAs unfortunately the market sees us like any other energy company.
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