Liquefied Natural Gas Ltd (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$300.1m
Last closeA$0.59
High / Low (52 weeks)A$1.0 / A$0.5
Stock market listingAU, US
Forecast net cash (A$m)20
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual1.7(11.4)(11.4)
Relative *1.5(10.6)(15)

* % Relative to local index

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Company news

Liquefied Natural Gas Ltd (ASX:LNG) Investor Conference Call

Tue, 11 Jul 2017 00:00:00 GMT

Liquefied Natural Gas Ltd's shares leap higher on Stonepeak commitment

Wed, 05 Jul 2017 01:10:14 GMT

UK gets first big shipment of US liquefied natural gas

Wed, 05 Jul 2017 17:48:45 GMT

Is Liquefied Natural Gas Limited (ASX:LNG) As Financially Strong As Zero-Debt ...

Wed, 05 Jul 2017 18:33:45 GMT

The Rapidly Expanding Global Liquefied Natural Gas Market

Sun, 09 Jul 2017 22:52:30 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 7.9 (72.0) (86.3) (0.2) N/A N/A
2016A 7.3 (101.1) (115.1) (0.2) N/A N/A
2017E 2.1 (25.9) (35.9) (0.1) N/A N/A
2018E 58.0 23.2 13.1 0.0 N/A 13.0

Last updated on 10/07/2017

Latest research

Stonepeak increases its involvement

Update | Oil & Gas | 10/07/2017

Stonepeak increases its involvement

ADR 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

Awaiting binding tolling agreements

ADR Update | Oil & Gas | 26/04/2016

Awaiting binding tolling agreements

Update | Oil & Gas | 26/04/2016

Investment summary

Stonepeak has committed to fund the full equity component of financing the Magnolia project, totaling US$1.5bn. The terms of the agreement have changed, and Stonepeak will be taking a preferred interest in the project, leaving LNGL with a 100% equity ownership. This is a vote of confidence for the project. The key remaining event for Magnolia will be the completion of binding tolling agreements covering enough volumes to enable project sanction. All necessary regulatory milestones have been reached, leaving the company entirely focused on negotiations with potential partners to enable sanction of the 8mtpa project. Within its peer group, Magnolia is well placed to be able to deliver LNG cargoes in the 2021-2022 period, in time with projected demand needs. We have adjusted our valuation, increasing it to US$4.19/ADR (A$1.37 /share).

Last updated on 10/07/2017

Key management

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

Company address

Ground Floor
5 Ord Street
West Perth
WA
6005
Australia
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