LNG destruction (update)

Friday, 21 August 2015

So, the share market has lit up with LNG selling and the damage is extensive. WPL is down 2% and right on long term support:

STO is down 7% and at 2003 levels, where all of these stocks are going in my view:

ORG is down 4% and must be wondering what the Hell it is going to do when a new STO CEO comes in, writes everything down and raises equity:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.