it may...and then it will eventually go much lower. I exited too early but pigs get slaughtered.--I pulled a 50% gain in less than a year. Don't forget fundamentals and the fact that LNG exports are still a couple years out.
Soooo much can change in a couple years these days.
GLNG has had a lot of potentially profitable irons in the fire but nothing seemed to happen except the waiting for the news. The secondary offering was the news. A company not especially into equity offerings does not suddenly goes with one like this unless there is a vary good reason. That is, the deals have been struck or nearly so. Ordering a future Hilli conversion with no firm contract would be one thing but I can't imagine a company doing this kind of equity financing on a hope and a prayer. If I am wrong, it may be a serious act of desperation... I don't think so.
There are many places where floating liquefaction would be the way to go and now GLNG is showing that they are not just going after them, they think they have them. Plus, JF wants to do them as part of package deals and that include the LNG carriers as part of the deal. Even equity participation in the profits on the export end is not out of the question. The market figured it out real quick. This stock will go much higher. I predicted $80 by the end of the year. That was a W.A.G. but I'm sticking with it. I have been accumulating GLNG since late Dec 2010 early Jan 2011. It is now by far my largest position among 24 stocks and it is the last one I would sell.