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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

 
 
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Old 07-22-2014, 09:51 AM
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Purple Back Purple Back is offline
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Join Date: Feb 2010
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Just watch the Australian market the night before (LNGAX) and you will have a pretty good idea of what (LNGLF) will do the following day. I bought in @ .30 a share and I am still holding. This is more of a lottery ticket then anything. I would say it is all speculation but they did make the cut on the "accepted for review" list for FERC approval. They have some major players on board and have hired some very experienced personnel for the BOED phase. I am being told that if everything pans out, this stock should plateau around the $4 (maybe even closer to $5) per share mark per their current production capacity numbers. Everything as of now has been looking good, I have read multiple letters of recommendation from senators/congressman and large organizations that are all in favor of construction. The only organization against this is LNG Trunkline (or BG now) and the Sierra club.
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