EDISON EQUITY RESEARCH - LIQEUFIED NATURAL GAS
August 26 2014 - 11:49AM
InvestorsHub NewsWire
Edison Investment
Research: Liquefied Natural Gas -
Long-term value available
Liquefied Natural Gas Limited (LNGL)
ADRs have increased significantly in 2014, on the back of greater
confidence in the Magnolia LNG project in Lake Charles and the
proposed acquisition of the Bear Head LNG export project site. We
review the Bear Head transaction (subject to standard closing)
potential value and update our valuation, while taking the
opportunity to assess the potential long-term value. While our
current risked valuation of the company is below the ADR price, our
analysis indicates long-term value well above. If LNGLY can deliver
on its targets in Magnolia, there is still material upside, even if
we discount the Bear Head acquisition, which could more than double
the size of the company in time.
LNG
Ltd is an ASX-listed company devoted to the development of LNG
export terminals. The first project, Magnolia LNG, is planned to
reach financial close in mid-2015 and start production in 2018. It
has just acquired a further site in Nova Scotia, Bear Head
LNG.
Follow the link to view the full report: http://www.edisoninvestmentresearch.com/research/report/liquefied-natural-gas1
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