I'm talking worldwide levels let alone U.S. levels which remain at a 5 year high.
Where are you getting your data from?
I sold yesterday @ 6.26 and I'm satisfied with the decision. For the rest of the longs, I'm glad that it's holding around the 6.30 mark for you all but I'm not comfortable right now with the share price. Given all the "great" news, the PPS should be a lot higher but it's stuck here and I honestly think a pullback is in the wings.
It's all the message boards, not just CHK and it seems to be intermittent.
Most of Cheniere's projects (Corpus) won't come on line till 2020....and those are just estimates for completion as of today. The rest of the "trains" at SB are 2017 and out scheduled for completion.
It's going to take a huge spike in NG spot and 6 month out futures and accelerated shipments to get this stock to move, let alone the uncertainty of the direction of the future President's energy policy (or lack of) coupled with the ability of LNG to service it's huge debt load. Most of the "speculators" have already taken positions since institutional ownership is at 95%.
Not much room for Joe on the street to "move" the stock.
I'm not believing all of the fairy dust and feel good predictions right now.
Having said that, I'll be happy with mid 40's by the beginning of 2017 but it's a stretch IMHO.
No-one (real people) are selling, algos are doing all the bs in the stuck trading range since May.
It's like watching paint dry................
Sorry, but I don't see the fundamentals supporting the share price you stated by the end of 2016. I suppose it COULD happen, but only if the stars align perfectly.
JPM have been pushing LNG's price target to $58 (if you can believe anything those aholes say) but I'd put mid 40's by year's end simply because of the glut and our Morons in the inept government of the U.S,
Yes we are. In my neck of the woods a 475MW is under construction in Kings Mountain and the permitting process has begun on another 475MW in Reidsville NC.
Hopefully by the end of 2017, Cheniere Energy will get their second production facility completed which will further drive the support of higher NG prices.
As far as the share price of CHK goes, I think we're stuck in the doldrums for a while trading in the 4 to 5 $ range until drawdowns outpace injections.
You're giving Ronald Reagan a back seat to the O'Bozo ???
Did you graduate from Junior High yet??
You'd think that they all would have learned by now not to go overboard drilling and creating another glut......