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

Posted on 8/6/15 at 9:01 am to
Posted by thatguy777
br
Member since Feb 2007
2393 posts
Posted on 8/6/15 at 9:01 am to
This has been dropping hard lately. I am thinking about starting a position. Reason for the drop other than it being in a dead period? I haven't read anything negative about the project lately
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13916 posts
Posted on 8/6/15 at 9:29 am to
quote:

This has been dropping hard lately. I am thinking about starting a position. Reason for the drop other than it being in a dead period? I haven't read anything negative about the project lately

I came here to see if anyone had any idea why it is dropping so hard. I think it is time for me to get in.
Posted by sneakytiger
Member since Oct 2007
2480 posts
Posted on 8/6/15 at 9:52 am to
Everyone and their mom wants to build an LNG export facility in the US. The LNG market crashed with crude, and there's already 10 bcf/d of US supplied LNG coming into an already oversupplied market over the next 2-5 years. There are currently 6 LNG export facilities under construction in the US. Those 6 may be the only facilities built through the balance of this decade, if not longer.

This company keeps pushing their timeline back due to market conditions i.e. their inability to secure customers.
This post was edited on 8/6/15 at 10:21 am
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