LNG - Liquefied Natural Gas

[bullhunter]

All the signs were there but I missed the boat. I went the other way for green technologies. What a bummer, but great results for this stock. Hope the good performance continues.

 

[skc]

Big selling on this name today coinciding with the end of a roadshow. Hmmm

 

[Firemansam]

yes, many days in the red now. Is it only profit-taking and general trend, or? I haven't seen or read anything which suggests this big drop during the past week+.

 

[rb250660]

Everyone still in tact? hahaha

Many trading opportunities today

 

[Firemansam]

It seems that the drop has come to an end. I understand that lng follows the oilprice, but it seems out of proportion.

 

[RNI]

Good to read todays announcement regarding the Fishermans Landing project, and the extension of this, and the non-binding agreement with Tri-Star for a supply of gas. If this does eventuate into a binding agreement, that will be three projects now they have. The result was a reversal to a high of 3.905 and finishing at 3.72. They have been caught up in the downturn of the oil price which is unfortunate as they do not buy or sell oil/gas, just process it, however that is PRESENTLY how it is classed and it has dragged the price down, but as nothing has changed, a good chance to trade and get more.

 

[Firemansam]

Nice to see that we're back on track. Slowly climbing day by day, regardless of the index or other global issues such as Japans recession and alike.

 

[Firemansam]

Que Pasa? -22% in one big hit! What's going on? And then good news about the Magnolia Plant and still down? Are insiders flogging off shares, or?

 

[notting]

LNG 3.05 Up 16% today. Have $53 million in cash, have shale access in US and stock has had a meteoric rise to Sept 2014. Up through 200 day moving average Friday, up 16% today on positive reporting season reaction on a negative oil day and whilst the sector in general has been smashed. What ever dude. Market likes cash and United States Patents?
Trademark Office has allowed a patent application of the Company’s core liquefied natural gas (LNG) processing.

 

[skc]

LNG 3.05 Up 16% today. Have $53 million in cash, have shale access in US and stock has had a meteoric rise to Sept 2014. Up through 200 day moving average Friday, up 16% today on positive reporting season reaction on a negative oil day and whilst the sector in general has been smashed. What ever dude. Market likes cash and United States Patents?
Trademark Office has allowed a patent application of the Company’s core liquefied natural gas (LNG) processing.

You and I might like $53m in cash, but the market cap is $1.4B so the market probably isn't pricing this on the cash asset alone.

I agree that the valuation of LNG is difficult to understand in the current environment... they are so far away from production. They are going to need project finance and offtake agreements and probably plenty more skin in the game to secure those (i.e. capital raising). I have no idea how economically viable / profitable their projects would be... but at $1.4B market cap it must be one heck of a robust project.

 

[notting]

but at $1.4B market cap it must be one heck of a robust project.

Laughing.

May have something to do with the mental case buying of anything that has a foot in the states at the moment.
OMG they got a patent too. Sell some GoPro and buy LNG!

 

[Firemansam]

Wow, it has taken off lately, anyone knows why?

 

[notting]

Nope.
But perhaps Black Rock have left the auto buy button on again.
https://www.aussiestockforums.com/forums/showthread.php?t=4542&p=864924&viewfull=1#post864924

 

[notting]

Yeah great move. Do a placement. Why not? If people are stupid enough to bid it up to these levels on hot air, they will probably be stupid enough to take up a capital raising. :bloated:

 

[notting]

I shorted it down to 61.8% then went long cause I figured -

 

[Firemansam]

I thougt the deal was a good thing, but the share price is plummeting what's wrong with the deal?

 

[notting]

I thougt the deal was a good thing, but the share price is plummeting what's wrong with the deal?

Priced in and a lot. Now for the real world......

It could easily bounce back up in the days to come, proably will just bounce around for a while.
Trade the 6 to 8% range.

PS I got out of most of my long on the spike this morning.

 

[pixel]

I thougt the deal was a good thing, but the share price is plummeting what's wrong with the deal?

The deal is of no concern.
It's the day traders that have been all over it; first push it up so the early risers get excited and buy, then short the cr@p out of it and drive it down to buggery.



That aside, I'm getting out of Long positions in Energy stocks across the board. Once the Iran deal has been inked, oil is likely to drop even lower. ... and environment and climate continue to go to pieces.

 

[notting]

20th of May ~

LNG’s Board of Directors is pleased to advise that it has received irrevocable offers from institutional and sophisticated investors to subscribe for shares in connection with the Placement, at an issue price of $4.35 per share

Like I said before ~

Yeah great move. Do a placement. Why not? If people are stupid enough to bid it up to these levels on hot air, they will probably be stupid enough to take up a capital raising. :bloated:

 

[notting]

After a reporting update today it plunges a further 15%.
This is Australia's answer to GOPRO

View attachment LNG.pdf