written by reader LNGLF

By twjd, June 13, 2014

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.

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kilani
6 years ago

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.

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Travis Johnson, Stock Gumshoe
Reply to  twjd

LNGLY ADRs represent 40 of the ASX-listed shares (1 adr:40 regular shares). LNGLF is a 1:1 relationship.

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greenfire67
6 years ago

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.

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greenfire67
6 years ago
Reply to  twjd

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

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LakeCharlesLNGguy
LakeCharlesLNGguy
6 years ago

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!

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LakeCharlesLNGguy
LakeCharlesLNGguy
6 years ago
Reply to  twjd

“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.

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LNG Guy
LNG Guy
6 years ago

What happens to LNGLF if they issue shares in the United States.