Venture Global practically gave their gas away and their...

First 40 Last

Share
Profile

Follow
jwhiteman

2,366 Posts.

53

02/06/20

00:24

Post #: 44972265
Share

Originally posted by Homerun78: ↑

Look at Venture Global LNG. They did it all in 3years as in close enough customers to reach financial close. They came after Magnolia LNG. As for other 2nd wave guys even if they have not secured binding customers till now at least their management is competent enough in maintaining a credible market capitalisation position by entering into various commercial synergies that kept their respective projects commercially viable. None of them have fallen to the level where LNGL fell because these companies had management and board that were and is still working night and day for their projects to remain attractive and viable. Here all we heard from the management and the board is Magnolia is about to run out of money and generic statements like management remains confident on the prospects of securing customers for Magnolia. These were merely words with very little action or effort let alone end results to show for it. It was all about stepping up the game unfortunately this wasnt the case here.

Expand

Venture Global practically gave their gas away and their finances are not public since they're not a public company so it's not a valid comparison. More than likely they're owned by the major industry players who have contracted the gas.

LNG Price at posting: 4.3¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Zip's stunning comeback: Is this the start of a $14 revival?

First 40 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Venture Global practically gave their gas away and their...

Top Stories

Iberian expansion: Megado turns to Europe with Spanish copper mines

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Clinuvel shares dip, even as CEO comes back from temp leave

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Zip's stunning comeback: Is this the start of a $14 revival?

Featured News