• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours How Far Have We Really Gotten With Alternative Energy
  • 9 days What fool thought this was a good idea...
  • 7 days A question...
  • 12 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 13 days They pay YOU to TAKE Natural Gas
  • 18 days The United States produced more crude oil than any nation, at any time.
Martin Tillier

Martin Tillier

More Info

A Promising Trade For The Long Haul

One of the things that were impressed on me early in my career in the forex market was that the market can never be wrong. The market price is simply an expression of the place at which a buyer and a seller were last prepared to transact, so of course logically that is the case. Sometimes, though, when the general sentiment is negative, things get dragged down to the point where logic dictates that there is far more chance of a recovery than of further losses. That doesn’t mean that it cannot go lower, just that the odds work in favor of a buyer.

Take Golar Liquid Natural Gas (GLNG), for example.

(Click to enlarge)

The selling of natural gas futures, and therefore anything associated with the commodity, has, over the last few days, begun to look like full on panic. Yesterday, for example, the gains that resulted from news of larger than expected draw downs of gas were quickly erased and futures finished the day down once again. When even good news is shrugged off like that it is a sign that the market is acting somewhat irrationally.

That is definitely the case with a couple of associated stocks, and GLNG is the prime example. Firstly it should be noted that, in many ways, GLNG is, despite the ticker, not a natural gas stock. It is a transporter of the product.

No doubt the company’s stated aim of becoming an integrated mid-stream player in the industry has hurt it as prices have collapsed, but with the export of U.S. natural gas expected…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News