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Started By
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re: Lnglf.....who has been stocking up?
Posted on 11/26/14 at 10:54 am to Creamer
Posted on 11/26/14 at 10:54 am to Creamer
Securing customers, permitting, and financing. I think there's two take-aways from the Freeport news:
1. The project finance market has a huge appetite for more of these projects.
2. There is one less seat at the LNG export table, which is quickly filling up.
1. The project finance market has a huge appetite for more of these projects.
2. There is one less seat at the LNG export table, which is quickly filling up.
Posted on 12/1/14 at 9:08 am to sneakytiger
Holy crap it's down
Time to buy
Time to buy
Posted on 12/1/14 at 9:16 am to jimbeam
cliff notes on this? what is it?
Posted on 12/1/14 at 9:17 am to I Love Bama
Can't find anything but it's down 25%
Posted on 12/1/14 at 10:44 am to jimbeam
The period through to 31 March 2015, during which we will convert the Provisional Sum into a combined lump sum, fixed price contract valid to 30 June 2015, will position Magnolia LNG to immediately enter construction phase once all necessary approvals and licenses are received. This period will also allow us to incorporate any comments received from FERC as they prepare the Draft Environmental Impact Statement, and to undertake the rigorous planning and scheduling required to provide first LNG in 2018.
From:
LINK
From:
LINK
Posted on 12/1/14 at 10:46 am to L S Usetheforce
I enjoyed the dip
got 3000 more @2 up to 10k @ 2.01
This post was edited on 12/1/14 at 10:46 am
Posted on 12/1/14 at 11:03 am to L S Usetheforce
When I get some more money in my IRA, I plan on doubling up all my energy stocks- LNGLF, SDRL
, XOM, CLNE.
Posted on 12/1/14 at 11:11 am to LSUGUMBO
I am holding on for the long haul.
Yall better be right!
haha
Yall better be right!
haha
Posted on 12/3/14 at 9:23 am to L S Usetheforce
quote:
I enjoyed the dip got 3000 more @2 up to 10k @ 2.01
are you trading this stock, or holding long term?
Posted on 12/3/14 at 9:29 am to Ole War Skule
Oh know I'm accumulating and holding.
Posted on 12/3/14 at 9:50 am to L S Usetheforce
Fidelity charges a $50 commission to trade LNGLF. Anyone know why it's not the normal 7.95?
Posted on 12/3/14 at 10:08 am to TigerTatorTots
They charge a $50 foreign security fee. I didn't realize that, thanks for the heads up!
Never heard of this nonsense. Any other brokerages charge something like this?
Never heard of this nonsense. Any other brokerages charge something like this?
Posted on 12/3/14 at 11:08 am to TigerTatorTots
Does lngly typically mirror lnglf?
Posted on 12/3/14 at 11:19 am to Ole War Skule
My Schwab account charges the $50 but my E*TRADE account doesn't.
Posted on 12/3/14 at 2:51 pm to secondandshort
quote:
Does lngly typically mirror lnglf?
They should trade exactly the same..
"LNGLY ADRs represent 40 of the ASX-listed shares (1 adr:40 regular shares). LNGLF is a 1:1 relationship."
the 1 year Fidelity graph on the quote page shows LNGLF up 640% and LNGLY up 719%....BUT the 'advanced' chart them identical
so who knows with this kind of stuff...hopefully one of the local experts in this thread will give us some insight. Fidelity waived the $50 fee on my trade for this time only, so in future, I'll be buying LNGLY if I add to my position.
ETA: below was found on Investor Hub
"I sent an email to the company a few days ago as I was concerned about the difference between these stocks. If and when the company goes public in the US, I don't want to lose value in the LNGLF shares if these are the wrong ones to be holding. Response below...
Thanks for your email and interest in the Company.
Magnolia LNG Project and Bear Head LNG Project are 100% owned by Liquefied Natural Gas Limited (LNG Ltd), an Australian company. When you invest in LNGLY, or LNGLF you are in fact investing in LNG Ltd shares. Our ticker code is LNG on ASX (Australian Securities Exchange).
LNGLF are our shares but not on the platform to trade that we are promoting, we are promoting LNGLY through ADR’s with Deutsche Bank. The LNGLF shares are trades made by market makers without the support of the company where the market maker goes and purchases the actual shares on the primary exchange of the company (in our case the ASX). There is no ADR ratio here, it is always 1-to-1. Also, since these shares aren't held in a custodial account they generally can't be purchased on margin. These are often very low volume listings, in the case where a company has both a Y and a F listing, the ADRs (Y listings) will, once established, have much higher volume than the F listings.
LNGLY shares are ADRs with Deutsche Bank, being the depositary institution holding the local shares. This is a sponsored ADR (with LNG supporting the listing). As these are ADRs an ADR ratio (in this case 40 LNG shares per ADR) is in effect.
Below is a bit more information on our American Depository Receipts (ADR’s) that are sold in USA on OTC market under the ticker code LNGLY.
Liquefied Natural Gas Limited maintains a sponsored Level 1 American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank). ADR details: Ticker: LNGLY Structure: Level 1 ADR Exchange: OTC Ratio (ADR:ORD): 1 : 40 DR ISIN: US53632G1094 CUSIP: 53632G109 Contact details for ADR investors and brokers: Deutsche Bank ADR broker services desks New York: +1 212 250 9100 London: +44 207 547 6500
Also, to answer your other queries, yes the LNGLF and LNGLY stock is part of our issued capital. If we decide to list on another US exchange (ie NYSE of Nasdaq), these stocks will be converted at the time."
This post was edited on 12/3/14 at 2:56 pm
Posted on 12/4/14 at 10:04 am to Ole War Skule
AUSTRALIAN COMPANY NEWS BITES
SOURCED FROM INFORMATION LODGED WITH THE AUSTRALIAN STOCK EXCHANGE
Valinor Management LLC bought a net 6,861,955 Liquefied Natural Gas Ltd(LNGLF) shares between June 24 and December 2, 2014, increasing from 31,612,919 shares (7.08%) to 38,474,874 shares (8.32%).
SOURCED FROM INFORMATION LODGED WITH THE AUSTRALIAN STOCK EXCHANGE
Valinor Management LLC bought a net 6,861,955 Liquefied Natural Gas Ltd(LNGLF) shares between June 24 and December 2, 2014, increasing from 31,612,919 shares (7.08%) to 38,474,874 shares (8.32%).
Posted on 12/4/14 at 10:13 am to Ole War Skule
quote:
LNGLY ADRs represent 40 of the ASX-listed shares (1 adr:40 regular shares)
They were revalued a few months ago to represent 1adr:4 regular shares
Posted on 12/8/14 at 2:11 pm to LSUGUMBO
bought LNGLF and sold after 12% gain....just bought back in (LNGLY to avoid the $50 foreign fee) at 8.65...anyone else doing anything on this?
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