Your question was mostly has been answered by Andy Bee. But it's worth considering that at the moment the markets around the world are jumping at shadows. Anything that could be seen as a negative is being seized upon. Now we have the Americans concerned that there could be a possible rate rise. Last week it was the slowing down in China that prompted fears. Throw in the weakness of oil prices and there is your hat trick. Plenty of talking points to keep the market on edge.
Why is there a possibility of a rate rise in the U.S ?? Because things in the U.S are going along very nicely, and the talk of a possible rise is warranted. The market doesn't want to see any rise because they want free money for as long as they can get it.
In times like these, markets look for negatives rather then focus on the positives.
Unfortunatley LNG has been swept up in this craziness. They are like a cork in the ocean with no real direction .
This craziness that I speak of, will eventually run it's course and good news will be appreciated and rewarded as we have seen in the past.
For now, we just to go with the flow and not lose sight of why LNG was one of the best performing stocks in the past 2 years. It didn't happen by chance.
LNG Price at posting:
$2.28 Sentiment: Buy Disclosure: Held
