Just as I Expected the recent gain was strong on ASX but on the American side the total trade volume was very low compare with the ASX over the past days. I decided to sell all on Friday and will buy back when it at low 70C or low 60C. At least I made some profit for now. I learnt it from last time when it hit above $1 and did not sell and ended up waiting for almost a year.
I think despite others issues needed for authority approval its going to be at least another 6-12 months before the FID and on top of that it needs another 2 years for development. I just don't see how LNG have their positive cash flow for now and 1HY17 report expecting soon. Recent activity it might be just shorters doing pump and dump to make a quick buck.
LNG Price at posting:
87.0¢ Sentiment: Sell Disclosure: Held