simple story, huge potentials

I have started buying LNG since initial agreement with Stonepeak was announced.

I believe there are quite a few traders jumped on board purely based on TA break-out 28.5c, and expected the binding agreement to be signed. It is quite common, selling on the news, profit taking happen. I was surprised that trading volumes on last few days are comparably thinner. Normally, huge volumes are traded on the news, then started to drift lower. Low volumes indicate short term traders sold on the news, one big buyer was happy to buy 1m @34.5c last Friday. Then, it confirms most shareholders believe LNG has great long term potentials.

Stonepeak recently raises $1.65b.
According Senior Managing Director of Stonepeak:
"We are seeing a strong flow of attractive potential investments and converting this pipeline into a select number of great, lower risk infrastructure investments..."

That is how Stonepeak's MD describes the Magnolia LNG Project.

I have compiled some info from the company's announcement into a speadsheet: