Liquefied Natural Gas Ltd

Industry: Energy

LNG Details

Recovering oil prices drove the stock: Liquefied Natural Gas Ltd (ASX: LNG) surged over 6.4% on April 13, 2016 on the back of recovering oil prices ahead of OPEC meeting. LNG has been correcting over 74.3% in the last six months (as of April 12, 2016) due to falling oil and commodity prices. On the other hand, recovering oil prices could revamp the stock in the growth track. Recently, the group appointed Gregory (Greg) M Vesey as Managing Director and Chief Executive Officer from April 04, 2016.
Recommendation: We give a “BUY” recommendation on the stock at the current price of $0.50

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