Liquefied Natural Gas (LNGL)

Business description

Liquefied Natural Gas Ltd is an ASX-listed company devoted to the development of LNG export terminals in the US, Canada and other potential locations. It has traded ADRs.

Stock data

Market cap.A$359.6m
Last closeA$0.70
High / Low (52 weeks)A$1.0 / A$0.4
Stock market listingAU, US
Forecast net cash (A$m)11
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual72.870.7(10.8)
Relative *71.565.8(16.3)

* % Relative to local index

Other companies in sector Show

88 Energy Activa Resources
ADX Energy Afren
African Petroleum Corporation AJ Lucas Group
Aminex Andes Energia
Antares Energy Athabasca Resources
AusTex Oil AWE
Azonto Petroleum Bankers Petroleum
Bitesize Briefing BNK Petroleum
Bowleven Bridge Energy
Buru Energy Cairn Energy
Canacol Energy Canadian Overseas Petroleum
Canoel International Energy Cap Energy
Carbon Energy Carnarvon Petroleum
CBM Asia Development Central Petroleum
Challenger Energy Coastal Energy
Columbus Energy Resources Cooper Energy
Core Laboratories Cue Energy
Denbury Resources DEO Petroleum
Deutsche Rohstoff Dragon Oil
Drillsearch Energy Egdon Resources
Elk Petroleum Energy XXI
Exillon Energy Exoma Energy
Falkland Oil & Gas Faroe Petroleum
Fastnet Oil & Gas Forum Energy
Gasol Genel Energy
Genie Energy Great Eastern Energy Corporation
Green Dragon Gas Greka Drilling
Gulf Keystone Petroleum Gulfsands Petroleum
Hawkley Oil & Gas Hellenic Petroleum
High Peak Royalties Hurricane Energy
Hydrodec Group IPB Petroleum
Ithaca Energy JKX Oil & Gas
Karoon Gas Kea Petroleum
Kina Petroleum Kreuz Holdings
Lansdowne Oil & Gas Leed Petroleum
Leigh Creek Energy LGO Energy
Lion Energy Lochard Energy
Madagascar Oil Madalena Energy
MEC Resources Mediterranean Oil & Gas
MEO Australia Mosman Oil and Gas
Nautical Petroleum New Standard Energy
New Zealand Oil & Gas Nido Petroleum
Nighthawk Energy North Sea Energy
Northern Petroleum Norwest Energy
Otto Energy Pacific Rubiales
Parex Resources Petrel Energy
Petroceltic Petromanas Energy
PetroMatad Petrominerales
Po Valley Energy Premier Oil
President Energy Pura Vida Energy
Quadrise Fuels International Ramba Energy
Range Resources Real Energy
Real Energy Corporation Regal Petroleum
Rockhopper Exploration SacOil Holdings
Salamander Energy SDX Energy
Sefton Resources Senex Energy
Sequa Petroleum ShaMaran Petroleum
Simba Energy SOCO International
Solo Oil Sound Oil
Sterling Energy Stratic Energy
Tethys Petroleum Touchstone Exploration
Tower Resources TransAtlantic Petroleum
TransGlobe Energy Valiant Petroleum
Vermilion Energy Victoria Oil & Gas
Wentworth Resources WestSide Corporation
Xcite Energy

Company news

India's GAIL renegotiates LNG deal with Gazprom

Tue, 16 Jan 2018 12:00:00 GMT

Shale gas is one of the least sustainable ways to produce electricity

Tue, 16 Jan 2018 09:00:00 GMT

China's liquefied natural gas price slumps in Jan.

Mon, 15 Jan 2018 12:33:45 GMT

What Kind of Picture Are the Technicals Painting For Liquefied Natural Gas Ltd ...

Thu, 18 Jan 2018 11:13:05 GMT

Tale of the Ticker: Liquefied Natural Gas Ltd (LNG.AX) Move -4.71% on Volume

Thu, 18 Jan 2018 04:30:00 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 7.3 (101.0) (115.1) (0.23) N/A N/A
2017A 0.6 (27.0) (29.2) (0.06) N/A N/A
2018E 0.0 (23.0) (28.8) (0.06) N/A N/A
2019E 57.7 32.0 22.4 0.04 1750.0 11.2

Last updated on 12/12/2017

Latest research

Improving macro environment

ADR Update | Oil & Gas | 29/11/2017

Improving macro environment

Update | Oil & Gas | 29/11/2017

Stonepeak increases its involvement

ADR Update | Oil & Gas | 10/07/2017

Stonepeak increases its involvement

Update | Oil & Gas | 10/07/2017

Marketing mode

ADR Update | Oil & Gas | 06/04/2017

Marketing mode

Update | Oil & Gas | 05/04/2017

Good start to the year

ADR Update | Oil & Gas | 31/01/2017

Good start to the year

Update | Oil & Gas | 31/01/2017

Magnolia progresses

ADR Update | Oil & Gas | 19/12/2016

Magnolia progresses

Update | Oil & Gas | 19/12/2016

Ready to pull the trigger on Magnolia

ADR Outlook | Oil & Gas | 28/10/2016

Ready to pull the trigger on Magnolia

Outlook | Oil & Gas | 28/10/2016

Investment summary

The Magnolia development remains one of the most competitive LNG development projects (greenfield or brownfield) globally. Industry is starting to recognise that the current LNG oversupply will move towards undersupply within five years and there are few projects on track to fill the resulting gap. This should put Magnolia increasingly in the spotlight for buyers looking to fulfil demand in 2023 onwards. LNGL management has indicated it is in discussions with many companies across a diverse set of geographies and interests. We have adjusted our valuation to account for a delayed expectation of project FID, reducing it slightly to $A1.25/share (US$3.8/ADR).

Last updated on 13/12/2017

Industry outlook

LNGL has few listed peers. Cheniere is much larger and already producing, while Tellurian (owner of the Driftwood LNG project) and Next Decade (IPO ongoing) is planning much larger projects but is some way behind the Magnolia project on regulatory approvals.

Last updated on 13/12/2017

Key management

Richard Beresford, Chairman
Mike Mott, CFO
Norman Marshall, CFO

Company address

Ground Floor
5 Ord Street
West Perth
WA
6005
Australia
View website