New LNG facility going next to Calc Point

[redaddiction]

Originally Posted by Pat Babaz

I was hoping the magnolia stock would jump up on this announcement, but its still just sitting there around 50 cents a share

With the global gas glut and record low natural gas prices. I doubt this project will get started anytime soon. There are already many other projects around the world that have been scrapped in the last year. Magnolia is still needing investors and financing in place first.

[Pat Babaz]

Originally Posted by redaddiction

With the global gas glut and record low natural gas prices. I doubt this project will get started anytime soon. There are already many other projects around the world that have been scrapped in the last year. Magnolia is still needing investors and financing in place first.

Yeah that's just my luck. I bought at $2, shoulda sold at $4. Guess I'll just ride it all the way to the bottom now.