LNG 1.65% 59.5¢ liquefied natural gas limited

Does the oil price fall threaten Magnolia and Bear Head LNG plants? We argue not

  1. 2,685 Posts.
    lightbulb Created with Sketch. 20

    Looking at the share volatility and the fall of oil prices in recent months, investors may be concerned that the risks to the Magnolia project have increased. There are good reasons to believe that these fears may be overstated.

    Magnolia LNG (and all other LNGL projects) will take no commodity pricing risk, purely taking a tolling fee from processing the gas into LNG. The risk therefore lies with the tolling partners, which will be responsible for sourcing the gas and selling the resulting LNG. Should those partners be concerned that profits from LNG trading may not be profitable, they may back out. However, we believe this is unlikely.
watchlist Created with Sketch. Add LNG (ASX) to my watchlist
(20min delay)
Mkt cap $345.4M
Open High Low Value Volume
60.0¢ 60.5¢ 59.5¢ $81.62K 136.0K

Buyers (Bids)

No. Vol. Price($)
6 84434 59.5¢

Sellers (Offers)

Price($) Vol. No.
60.0¢ 70858 3
Last update - 12.39pm 16/10/2018 (20 minute delay) ?
-0.01 ( 0.94 %)
Open High   Low Volume
60.0¢ 60.0¢   60.0¢ 7043
Last updated 12.59pm 16/10/2018 (live) ?
LNG (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.