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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1477 posts

re: Lnglf.....who has been stocking up?
this looks like a classic pump and dump


lsuguru
LSU Fan
Lake Charles
Member since Aug 2007
1461 posts

re: Lnglf.....who has been stocking up?
Yea, if it's such a great stock why is it on the OTC market. Alot of people seem to be touting it like LNG a few years back. The stock was worth next to nothing and then blew up. But then again, they actually had money coming in


Uncle Ned
USA Fan
Member since Apr 2010
122 posts

re: Lnglf.....who has been stocking up?
Up about 9% this morning. Did any news come out about this project?


L S Usetheforce
LSU Fan
College Station
Member since Jun 2004
19680 posts

re: Lnglf.....who has been stocking up?
They can't have money coming in until they project is complete..... Its a speculative play right now.... But it projects as a big revenue producer based on logistics.


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GrantTheFan
LSU Fan
Baton Rouge
Member since Nov 2010
334 posts

re: Lnglf.....who has been stocking up?
Hedge funds Third Point (Dan Loeb), Claren Asset Management and Baupost Group announced large investments yesterday, up 11% so far today. I took a flyer on a few shares at 2.17. We'll see.


kennypowers816
LSU Fan
Houston
Member since Jan 2010
2377 posts

re: Lnglf.....who has been stocking up?
Down on ASX a 2% or so last night.


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iknowmorethanyou
LSU Fan
Paydirt
Member since Jul 2007
5915 posts

re: Lnglf.....who has been stocking up?
quote:

I own this


What a shocker.


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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1477 posts

re: Lnglf.....who has been stocking up?
quote:

Hedge funds Third Point (Dan Loeb), Claren Asset Management and Baupost Group announced large investments yesterday, up 11% so far today. I took a flyer on a few shares at 2.17. We'll see.


where'd you see this?


idlewatcher
Houston Astros Fan
Houston
Member since Jan 2012
24867 posts
 Online 

re: Lnglf.....who has been stocking up?
quote:

will be your premier exporter of ng by 2020.


TOTAL may have a thing or two to say about that.


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GrantTheFan
LSU Fan
Baton Rouge
Member since Nov 2010
334 posts

re: Lnglf.....who has been stocking up?


lsuguru
LSU Fan
Lake Charles
Member since Aug 2007
1461 posts

re: Lnglf.....who has been stocking up?
Funny that this plant hasn't even broken ground yet and it hasn't even been decided to go ahead with the constuction of the plant or not, yet the shares are soaring lol!

quote:

The company expects to make a final investment decision on the 8 million tonne per annum Magnolia LNG Project in 2014


There is alot of pump in those articles, comparing it to LNG in every one


jimbeam
USA Fan
University of LSU
Member since Oct 2011
45247 posts

re: Lnglf.....who has been stocking up?
Not directly, but I hope to get a job in the field in a few years


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GrantTheFan
LSU Fan
Baton Rouge
Member since Nov 2010
334 posts

re: Lnglf.....who has been stocking up?
It's obviously a spec play. May, might, maybe. But smarter money than me has bought in, so I bought a little. I'm ok with the risk/reward here. It's not for everybody.


TigerTatorTots
New Orleans Pelicans Fan
The Safeshore
Member since Jul 2009
73484 posts

re: Lnglf.....who has been stocking up?
Is it still worth buying even despite being up over 100% in the past month?


LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
5947 posts

re: Lnglf.....who has been stocking up?
Picked up another couple hundred shares a couple of weeks ago when it dipped to $1.97. Anybody else still high on this one?


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sneakytiger
LSU Fan
Member since Oct 2007
2078 posts

re: Lnglf.....who has been stocking up?
quote:

Furthest along in the permitting/construction process.


Further along than these guys?





Anyone have an org chart for this company or its parent? edit - LNGLF i meant
This post was edited on 7/1 at 3:37 pm


LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
5947 posts

re: Lnglf.....who has been stocking up?


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sneakytiger
LSU Fan
Member since Oct 2007
2078 posts

re: Lnglf.....who has been stocking up?
LINK

So today's close puts this company at a market cap of $760MM, or $100MM more than its private equity partner has committed for its 50% "assessed" ownership interest in the Magnolia project.


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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1477 posts

re: Lnglf.....who has been stocking up?
quote:

But smarter money than me has bought in



Can someone please show me a credible source that says where Loeb and the rest of the smart money has invested. I'm not buying some BS website from AUS. Needs to be a 13-F, or s credible US news source.
This post was edited on 7/2 at 5:31 pm


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cantfindausablename
LSU Fan
Member since Mar 2009
139 posts

re: Lnglf.....who has been stocking up?
Yeah, nobody is even close to how far along Cheniere is. They've been working for over 2 years. They were making construction commitments prior to having their permits in hand. Nobody else has made that kind of commitment.

The next closest to begin construction would be Cameron LNG previously known as SEMPRA.

One of the biggest things that keep these sites from beginning construction prior to having permits in hand is the cost of site prep is much higher than normal facilities. This being due to the fact that most of them are on substandard ground and a long way from the existing borrow pits. That drives site prep pricing much higher than normal.

The Magnolia site sits on the dredge spoil that was deposited from the dredging of the turning basin for Trunkline LNG. That area will get really crowded if all of these facilities get built. You would have a large expansion of Trunkline, construction of G2X and Magnolia construction taking place at the same time.

Getting back to Magnolia, I read an article about LNG liquefaction plants and it stated that construction costs in the gulf coast were half to a third as compared to Australia. They've already done the feed for a sister project in Queensland and it seems as if they think they can utilize a lot of that info to shorten the FEED time.


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