My initial instinct on Monday was sell quickly but after the +25% increase I couldn't work out what I was missing. Tuesday soon answered that with the big falls back down - a classic case of everyone running the wrong way (on monday).
Maybe/hopefully LNG still come through, but does not look good in my view. The saving grace for holders will be what I expect will be AOEs response to the T/O. I think they'll say 'you're dreaming' to Shell and LNG will get a short term bounce - and provide an out for those that want it. In the long run though I think Shell will succeed in their ambitions. Even if they come to some agreement to use FL site (which LNG still own), they may not use the OSMR tech.
I sold out yesterday and re-learnt a lesson that I should've done what logic was telling me - but I got blinded by the uptick monday.
Best of luck to holders - I'll be back in if/when LNG look a little less risky.
Cheers
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