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Drop in LNG Ltd and Sandfire Resources

Jun 13, 2016 | Team Kalkine
Drop in LNG Ltd and Sandfire Resources

Liquefied Natural Gas Ltd


LNG Details
  • Pipeline and gas supply strategy: The shares of Liquefied Natural Gas Ltd (ASX: LNG) plunged over 22.8% on June 10, 2016 as the group’s ticker would be removed from S&P/ASX 200 on June 17, 2016 after market close. The group also ended with association of rumors of a takeover speculation and reported that they are not involved in any discussion. On the other hand, LNG stock has already rallied over 52.3% in the last four weeks alone (as of June 10, 2016) driven by the recovering oil and gas prices. Moreover, LNG is building solid LNG prospects and accordingly developing a 20 - 24 mtpa of mid-scale liquefaction. As per its pipeline and gas supply strategy, the group’s Magnolia LNG project made a KMLP pipeline agreement and established liquid Gulf Coast infrastructure. The group is reviewing multiple pipeline options for its Bear Head LNG project and has a gas supply potential at Western and Eastern Canada, Offshore Nova Scotia and US.
  • Recommendation: We maintain our “Buy” recommendation on the stock at the current price of $0.83

Project portfolio (Source: Company Reports)
 
Sandfire Resources NL


SFR Details
  • Higher levels: Sandfire Resources NL (ASX: SFR) stock fell over 6.2% on June 10, 2016 while on June 9, 2016, the group reported that its Joint Venture with Springfield project would now progress with Feasibility Study. SFR finished targeted structural diamond drilling program. The group reported that its exploration activities at Springfield are starting to step-out from the high-grade Monty Deposit, while the group is refocusing on the potential of the wider project area.
  • Recommendation: Meanwhile, we believe that the stock is still “Expensive” at the current price of $5.45
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