•Price Target: 50 DMA- $11.16 200 DMA $9.22. In October 2011, LNG hit a low of $4 . Today, LNG hit a fresh 52 wk high of $15.7 LNG has been on a rage this year. On January 1st, 2012 LNG was trading in the low $9’s
MAIN QUESTIONS REGARDING FUTURE OF LNG: How will they restructure their current debt?? This has to be done ahead of financing for the liquefaction project?
Will they sell even more shares of stock? The number of outstanding shares has increased from 51.0m in 2009 to 129.6m today. This doesn’t impact their net loss, but it makes the loss per share look smaller since a larger number of shareholders are dividing up the losses.
Also, Blackstone Group makes a huge $2B bet on LNG. Does this mean they have financing for LNG plant? would be HUGE. Proceeds will be used toward developing the liquefaction project at Sabine Pass. LNG expects debt financing to occur Q1 2012.
How will they restructure their current debt ahead of financing for the liquefaction project? This will impact their interest expenses.
– Will they sell even more shares of stock? The number of outstanding shares has increased from 51.0m in 2009 to 129.6m today. This doesn’t impact their net loss, but it makes the loss per share look smaller since a larger number of shareholders are dividing up the losses.