LNG - Liquefied Natural Gas

[greggles]

Liquefied Natural Gas continuing to move north. The last two trading sessions of last week were particularly bullish and it is rapidly closing in on 70c-71c which was the previous 2018 high reached in mid-January.

On Friday, LNG released a Quarterly Highlights which revealed that their total cash balance as at June 30, 2018 was $50.7 million, which compares to $27.5 million as at March 31, 2018, reflecting a net increase in reported cash of $23.2 million.

It looks like a break above 70c is imminent.

 

[greggles]

LNG pushing up nicely today through 70c. Volume is good but sellers are backing away and holding tight. Currently trading at 79.5c, up 16.91% today. No news or other obvious catalyst behind the move.

 

[Trav.]

This one popped up on my scan today and I was wondering if you are still following this one @greggles

I might take a position tomorrow and hopefully I don't give it the kiss of death !

 

[greggles]

This one popped up on my scan today and I was wondering if you are still following this one @greggles

I might take a position tomorrow and hopefully I don't give it the kiss of death !

I haven't been watching LNG for a while but I am inclined to agree with your assessment that it might be ripe for an entry at current levels. It looks to have solid support at 45c and has been consolidating in a very tight range between 47.5c and 51c for a few weeks now.

I haven't been keeping up with the announcements but all it needs is a catalyst to send it heading north again. With support at 45c it looks to have limited downside from here.

 

[Trav.]

I haven't been watching LNG for a while but I am inclined to agree with your assessment that it might be ripe for an entry at current levels. It looks to have solid support at 45c and has been consolidating in a very tight range between 47.5c and 51c for a few weeks now.

I haven't been keeping up with the announcements but all it needs is a catalyst to send it heading north again. With support at 45c it looks to have limited downside from here.

View attachment 92469

Thanks for taking the time to reply. I have taken a position today so will be watching closely to see which way she breaks.

 

[Ann]

Hi Trav. I am trying to make a concerted effort to work on volume as an indicator. I tend to ignore it more than I should. On my charts is EquiVolume, for those who don't know what this is it shows where there was largest volume at one price. This can be helpful for seeing where there may be some selling pressure. There appears to be selling pressure for LNG between 41 and 55. 50 to55 may really be a hard level to overcome. Once the sellers are shaken out above 55 then it looks like the next volume resistance may cut in about 70. I have drawn an overhead falling resistance line using the high of the day, normally I draw on the closing price. The falling resistance may negatively impact the price as well. If it falls 45 might hold 40 may be a support level. Hope this helps.

 

[Trav.]

Thanks Ann, I am playing with a new software and strategy using CAM (Combine ADX & MACD) so just getting a feel for things with it and LNG came up on my scan.

 

[Trav.]

Sold on the 22/3 for a 6.5% loss as it continued it's downward trend. Just went back to check latest SP and closed at 0.435 which is getting close to @Ann last support level of .40. Glad I got out when I did and I am finally learning to cut my losses

 

[Ann]

Sold on the 22/3 for a 6.5% loss as it continued it's downward trend. Just went back to check latest SP and closed at 0.435 which is getting close to @Ann last support level of .40. Glad I got out when I did and I am finally learning to cut my losses

G'day Trav,
If it does hit .40c and bounce that would be a triple bottom within 18 months. I would regard that as extremely bullish. If it managed to hold onto the .40c support line, that would take it beyond the downward pressure of the falling overhead resistance line. It also might bounce up from the last down spike of .415 from October 2018. Certainly worth watching.

 

[MARKETWINNER]

The upward trend in Asian liquefied natural gas (LNG) prices reversed this week.

https://www.hellenicshippingnews.co...-for-july-delivery-amid-high-stocks-in-china/
CNOOC offers LNG cargo for July delivery amid high stocks in China

https://www.fxempire.com/forecasts/...op-through-support-on-declining-demand-569207
Natural Gas Price Prediction – Prices Drop Through Support on Declining Demand

 

[Smurf1976]

Natural Gas Price Prediction – Prices Drop Through Support on Declining Demand

An interesting point that China now uses enough LNG for heating buildings to the point that the weather in China meaningfully moves the market.

Not long ago that certainly wasn't the case so it's a change that's relevant to other companies in this industry as well.

 

[notting]

https://www.aussiestockforums.com/threads/lng-liquefied-natural-gas.4817/page-5#post-877993

ASX/MEDIA RELEASE22 July 2019LNGL BOARD APPROVES RE-DOMICILE AND LISTING IN UNITED STATES
Stock jumps 25%
The Board of Directors of Liquefied Natural Gas Limited (ASX: LNG, OTC ADR: LNGLY) (LNGL or the Company) announces its decision to re-domicile the Company to the United States of America. LNGL will proceed to list on the NASDAQ Stock Exchange (NASDAQ) following regulatory and judicial approvals and an affirmative shareholder vote.

 

[bigdog]

Two ASX Announcements today with SP up 20% and trading halt at 12:23 PM today

16/09/2019 12:23:48 PM Pause in Trade Announcement

796

 

[MoneyBags1348]

Not much to report at the moment, I just wanted to start a new thread on this forum as there doesn't seem to be any recent news on LNG Limited.

LNGL's liquidity is low. With average quarterly costs around $7 Million they will need to raise between $15 and $30 Million very soon. This will mean more dilution for long term share holders whose share valuation has reduced sharply since the appointment of Greg Vesey as CEO three and a half years ago. The last year alone shares have dropped around 59% since the company's market projections and speculations have failed to materialise.

 

[Dona Ferentes]

Appointment of Voluntary Administrators


Liquefied Natural Gas Limited (ASX:LNG) announce that Craig Crosbie, Simon Theobald and Daniel Walley of PricewaterhouseCoopers Australia were appointed joint and several Voluntary Administrators of the Company on 30 April 2020. The Voluntary Administrators are reviewing the Company’s business and assets and will be in contact with creditors shortly.

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