Lng stock

[I make oil]

Stops cost every time you put one on. "W" keep an eye on how long you own a stock. You have to watch out for Short Term Capital Gains. Taxes will eat up your profit quick quick. A stop is a good safety device but to many people over use them they eat up your profit too.

LNG is the future. I am currently working a large Gas field in West Africa and there are TONS of gas reserves around the world. The number one thing killing the indusrty right now is a lack of LNG plants. The company I used to work for is in the process of making a floating LNG plant and it will work. Once that is off the ground it will open up lots of areas to future development.

[mikedatiger]

Originally Posted by I make oil

Stops cost every time you put one on. "W" keep an eye on how long you own a stock. You have to watch out for Short Term Capital Gains. Taxes will eat up your profit quick quick. A stop is a good safety device but to many people over use them they eat up your profit too.

LNG is the future. I am currently working a large Gas field in West Africa and there are TONS of gas reserves around the world. The number one thing killing the indusrty right now is a lack of LNG plants. The company I used to work for is in the process of making a floating LNG plant and it will work. Once that is off the ground it will open up lots of areas to future development.

Stops shouldn't cost you anything unless they are triggered. And at that point it is the same cost as what normally applies to a buy/sale transaction unless you are going through a broker. Taxes will definitely hit you, but W clearly stated he wasn't in this stock for long term so it was implied that cap gains would hit him anyway. I am no expert, but my background is risk and I am just making the suggestion that if you open a position you should immediately know what your max loss will be and you should have an implied target for a gain. I have watched too many people buy something, then have a huge (paper) gain, only to watch it go to nothing. If you're in a position short term, then take your gain and walk away - then use that gain to play the game again. The market is dominated by the big players, and high frequency traders, so take what it gives you.

As far as LNG is concerned, is may be a play, but I don't see it in the US, unless legislature is passed to allow for exportation of US gas beyond North America. People are finding nat gas everywhere they drill - and that's globally! I used to work for the Russians and their hope was that Russian gas would be exported to the US market by 2012. That was based on the assumption that US gas reserves were drying up and that Canadian gas was going to be diverted from US markets to growing demand areas in Canada. The amount of US cargoes actually received is laughable. The current market is Europe/Japan.

Just look at our recent weather if you want an indication. We've had a record cold spell and gas still can't break $4...

[catch.and.fillet]

We have a glut of gas. First time ever, as long as they've been tracking it, a big Northeast snow and winter storm came through this year and gas futures actually went down..crazy...Shell stock went up because of finds and activity in the shales that have liquid (oil) via East Resources acquisition (Marcellus) and other activity. Oil is where it's at right now. Buy the oil players in the shales and watch them grow. The guys with pure gas plays are only active on their sites to keep their rights, they ain't making money........LNG is dead for awhile.

Oh, and I slept at a Holiday Inn last night..in Missoula, MT