Your logic makes good sense to me and, to be completely honest, I really do believe that it is conservative, particularly when it comes to earnings multipliers.
What Stonepeak, and all the major funds that have invested in LNG do well is due diligence, and they don't commit such large sums of money without a very strong belief that they will make a significant return. They are not only buying the current Project/s but are equally interested in the potential moving forward.
I honestly do believe that this journey has just begun, and sooner or later this potential will be factored in.
Here's hoping anyway!
MTE.
LNG Price at posting:
$3.60 Sentiment: Hold Disclosure: Held