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4.3¢ liquefied natural gas limited

usually when they are publishing that negative stuff they are...

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08/10/15

01:19

Post #: 16134290
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Originally posted by Timbogold ↑

Ouch! 2.4m gross sort sales yesterday.

Hope the chump at Totus isn't amongst them or still short. Given this recent 25th Sept article, he probably still is:

Headwinds building for LNG Ltd?
Over a year ago we wrote that we were intrigued with the rapid share price appreciation of LNG Limited. We note the following developments since that time: 1) Failure to sign a binding EPC contract originally targeted for Q4 2014; 2) Failure to sign binding tolling agreements for at least 6 mtpa of Magnolia capacity; 3) Failure to achieve financial close in mid-2015; 4) The WTI crude price is down almost 50%; 5) The deferral of LNG projects by both BG and Excelerate Energy, with the latter citing lack of buyer demand. We continue to watch this story with interest. Disclaimer: Totus have a position in LNG.

And with the Dow +137, WTI+0.8% $49.32, LNG.US is responding accordingly LGLY +16.8% & LNGLF +16.6%. Should see more pain for those short.

Bring on them BTAs!

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usually when they are publishing that negative stuff they are buying

LNG Price at posting: $2.08 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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