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4.3¢ liquefied natural gas limited

" it has been widely reported that the natural gas industry is...

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jwhiteman

2,366 Posts.

53

03/06/20

19:05

Post #: 45017387
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Originally posted by J L: ↑

Hi JW, You might be right but you have made some strong statements. No doubt you have evidence that they are the reasons the company collapsed. With regard to the energy crash, it has been widely reported that the natural gas industry is withstanding it quite well. In relation to trade wars, well, they come and go with questionable long term adverse effects. And with regards to COVID19, it is my opinion that it is short term, because once society believes that the cure is worse than the complaint it will react and react severely as now seems to be the case. It takes a calm and competent hand on the tiller to steer a company through these, maybe short term, major events and other external influences eg First Wall Street Capital Corp. Regards J L

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" it has been widely reported that the natural gas industry is withstanding it quite well."

Yeah, nah.

"Oil and gas companies have been poised to spend heavily on new supply to meet demand growth this decade. But the gas market has turned out to be a slow-motion car crash in 2020."

"Asian spot LNG and European TTF prices are both down almost 80% in 15 months and Henry Hub has halved. "

https://www.forbes.com/sites/woodmackenzie/2020/05/14/how-will-natural-gas-navigate-the-post-coronavirus-world/#5acaf7c333af

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