LNGLF
by twjd | June 13, 2014 11:38 pm
Does anyone have any thoughts on this stock. Besides the price of the stock what is the difference in these two symbols.
LNGLY and LNGLF. I know the F means it is a foreign stock.
Source URL: https://www.stockgumshoe.com/2014/06/microblog-lnglf/
LNGLY is the ADR version of this stock that you should be able to trade in the US easier, just like any other US listed stock. It’s a foreign company though, yes.
Thanks. Why is there such a large difference in price. LNGLY is 63.10 a share and LNGLF is 1.58 a share. Which is better to own.
LNGLY ADRs represent 40 of the ASX-listed shares (1 adr:40 regular shares). LNGLF is a 1:1 relationship.
Travis, thanks for your quick response. Are the ADR’s bought straight from the OTC market. I think I understand that the LNGLF shares are bought from an investment bank that has purchased the shares on the ASX. Plus are the profit and loss taxes handled the same. I know that the LNGLF shares the taxes are based on the Australia tax rate.
I found LNGLF last month, but couldn’t find enough info to justify buying after a stellar run. This stock was trading at 20 cents +/- 2 months ago. Now @ 1.50+ It seems foolish to buy now, especially with no info. High risk, down side is too high, with little left to the up side.
A link about hedge funds buying in, which I didn’t see earlier;
http://www.smh.com.au/business/mining-and-resources/big-hedge-fund-baupost-takes-stake-in-perthbased-liquefied-natural-gas-ltd-20140613-3a1x9.html#ixzz34WMAkFHDhttp://www.smh.com.au/business/mining-and-resources/big-hedge-fund-baupost-takes-stake-in-perthbased-liquefied-natural-gas-ltd-20140613-3a1x9.html
Maybe it could run some more.
Thanks for posting, very good info. The Lake Charles project is not going to be complete till 2018. The problem I have is my brokerage firm doesn’t trade LNGLF just LNGLY.
Todd,
Same thing, your just buying 40 shares of lnglf when you buy lngly. Same investment.
I posted this on SA also, analyst report; http://www.magnolialng.com/IRM/Company/ShowPage.aspx?CategoryId=190&CPID=2026&EID=14705769
I wouldn’t buy it now, but it could pull back over time to a reasonable price. 2018 price targets between $6 – $8
Thanks for the analyst report. I hope it pulls back, I would like to buy in. I hate to jump on a fast moving train.
I’ve watched LNGLF go from .90 to 1.85 in a very short period.
Just days after receiving a 6.7% investment from Seth Klarman’s Baupost Group, Liquefied Natural Gas Ltd (ASX: LNG) is set to add three more powerful US investors to its share register.
According to the Australian Financial Review (AFR), Third Point LLC, a US$20 billion-plus fund founded by hedge fund guru Daniel Loeb; Claren Asset Management, a US$8 billion-plus fund owned by The Carlyle Group, and Fairview Capital Investment Management have all taken up stakes in the company. Third Point and Claren are expected to post substantial shareholder notices (more than 5% holdings) in the near future.
Just last week, LNG took US based investors on a tour, which may have prompted the flurry of activity by US investors.
Shares in LNG are up more than 6% today, 68% in the past week alone, and an astonishing 676% since January 2014.
So what’s all the fuss about?
Well, LNG is developing what could be one of the US’s first LNG export plants at its Magnolia LNG Project in Louisiana, USA. Magnolia is expected to process 8 million tonnes of LNG annually when operational in 2018. But perhaps the greatest excitement is that LNG’s proprietary technology means the LNG plant will be massively cheaper than the multi-billion LNG plants being built in Australia.
Magnolia is initially expected to cost around US$2.2 billion – compared to A$15 billion for Woodside Petroleum Limited’s (ASX: WPL) Pluto project for one and Chevron’s Gorgon LNG project which has seen costs blow out to a whopping US$54 billion. While the Woodside and Chevron projects are larger, it seems LNG’s technology allows for very low costs.
If Magnolia rolls out smoothly, LNG’s technology may well be worth as much if not more than the Magnolia project.
With some way to go before Magnolia becomes operational, Liquefied Natural Gas still faces some uphill battles, which are not without risk. But, the arrival of more heavyweight investors on the register may signal that there is still some value to be had.
For the original poster’s Q: I was boggled about Lnglf & y back in May when I purchased at .54. Being in the LNG business, I knew without a doubt it was a good deal. So I bought first and asked questions later.
Still to this day, I am a bit confused, however, that doesn’t mean I’m not confident. LNG is an “Ordinary Share”, ticker for “Liquefied Natural Gas Limited on ASX. LNGLF is the symbol if you’re here in America and want to buy the “Ordinary Share”. Fees may and usually apply up to ~$50 through brokers like Fidelity or T.Rowe Price because it’s foreign. LNGLY as mentioned is an ADR represented 40 shares of LNGLF or LNG(ASX).
So, most of that was redundant, but I’ve learned a couple things: 1. many people, including myself, were intrigued by the low price and high volume of LNGLF, it just seems like more action. 2. Liquefied Natural Gas Limited does not endorse LNGLF, imagine that???!! Well, it’s true, after careful investigating, the company only endorses LNGLY. I’m not sure why. They say that LNGLF was bought by some people for their company and are reselling it. It’s rather confusing to me. Now, I’m worried if I should sell all my LNGLF and buy LNGlY.
Aside from that, I don’t know of any LNG facility whose share is less than $40. We’re up to over $2 just because they filed an application and shook hands with Kinder Morgan? When November rolls around there will be another significant raise and when FERC gives the approval, there’ll be another significant raise. I think during 2015 it could be over $5 and by $2018 into the teens or $20’s.
Sound like a dreamer? Well, maybe, but the facts are all there and things are moving foward for Magnolia LNG. Cheniere was nearly bankrupt at ~.93 a few years ago. Cheniere’s still not complete with construction and share’s are $71.00 today! They say(brokers at Wiills Forgo) they won’t be making profit till 2018. Well, Cheniere’s not making a dime right now, either.
To confuse matters more, I think LNGLF could be the better one, because if the stock market crashes like some people out there believe, it won’t be affected overnight like LNGLY???? Another can of worms! lol
For investing opinion, if you plan to wait, I wouldn’t wait long. It’s possible it might go back down, as that’s the nature of stocks, to go up and down. But, study Cheniere’s LNG stock graph very carefully, there wasn’t much looking back, not many people got a second chance. When it gets to $20, $1.50 or $2.00 isn’t enough to worry about, just be glad you got on the ladder.
Just my opinion, money doesn’t buy happiness, I wish you all all the best of luck!
Thanks for the info. I’ve read that there are several large investors buying into this company and their techknowledge. I agree with you, not sure how safe it is to buy LNGLF. The shares have really slowed down. I’m anticipating that people will start to wonder what is going on and start selling out of fear of the unknown.
“The shares have really slowed down. I’m anticipating that people will start to wonder what is going on and start selling out of fear of the unknown”
Yes they sure have, I look at as an opportunity purchase more shares. But you’re right, it’s a funny feeling that it dropped .40 and there’s not much action. The stock hype as been driven by milestones reached. The next milestones of getting FERC approval and FID will be significant.
I’m surprised the stock didn’t jump up at least 10 to 20 cents since Kinder Morgan just filed for FERC application. This shows that Kinder Morgan is really interested in the project and supports Mag LNG.
What happens to LNGLF if they issue shares in the United States.
That’s a good question, wish I had an answer. Have your heard anything about selling on a US market. I know the broker fees will be cheaper.
Get a Ameritrade account. Aux fees 15.00 and Ameritrade 9.99, bought in at 1.50!
i recently did a lot of research on the difference between lngf and lngly. when the company says they don’t support lnglf that means if they split, pay a dividend or create a spin off you do not get any consideration for owning shares of lnglf.
lngf are shares that are traded by a “market maker”. that means an individual or a group has bought shares of lng.ax and are trading them on their own accord.
the adr ratio has changed from 40 to 1 … to 4 to 1 for lngly
I’m really skeptical now. Think I’m gonna bail out and call it good while ahead. The market is not stable. Heard many LNG projects and Gas to Liquid projects are being put on hold due to oil prices.
I also still worry why Liquefied Natural Gas Limited doesn’t own LNGLF, yet they say it’s their shares? They say LNGLY is theirs, something is fishy about that. Also learned you can be charged 2% of LNGLY from Deusch bank, however you spell it.
Not looking good for any of the Gas to Liquid or LNG facilities right now. Breaking News for Sasol N. America, a key player in these projects around Lake Charles: http://www.kplctv.com/story/27961926/sasol-to-delay-final-investment-decision-on-gtl-facility
Market just took a fall also! Down 1.41% in one hour!