My belief is that it will recover at least to ~$5 to $5.50 and if breaks $6, could stay there or breakout
It fell when the petroleum crash happened earlier last year, but on its own LNG is not going anywhere and is much much cleaner than gasoline products. Mostly everyone, such as Biden's energy cabinet, considers LNG 'good for the planet' vs using dirty fuels. Not as clean as solar of course, but an excellent alternative.
Additionally, you have to consider that LNG, unlike gasoline, doesn't come from the middle east. We are extracting it right here, in our backyards. So the fcuk up that is the OPEC oil cartel that created a skewed demand-supply leading to everyone shitting their pants in early 2020 as alternative energy started taking foothold, doesn't impact LNG. BUT, TELL fell like a dead bird cause the entire petroleum and energy sector went down with OPEC f'k up. With that context, I believe it took a beating cause of the whole energy sector but LNG intrinsically is here to stay another 20-25 years.
As always, ideas and opinion are solely mine and this is not investment advise. I hold a long position in $TELL.
It fell when the petroleum crash happened earlier last year, but on its own LNG is not going anywhere and is much much cleaner than gasoline products. Mostly everyone, such as Biden's energy cabinet, considers LNG 'good for the planet' vs using dirty fuels. Not as clean as solar of course, but an excellent alternative.
Additionally, you have to consider that LNG, unlike gasoline, doesn't come from the middle east. We are extracting it right here, in our backyards. So the fcuk up that is the OPEC oil cartel that created a skewed demand-supply leading to everyone shitting their pants in early 2020 as alternative energy started taking foothold, doesn't impact LNG. BUT, TELL fell like a dead bird cause the entire petroleum and energy sector went down with OPEC f'k up. With that context, I believe it took a beating cause of the whole energy sector but LNG intrinsically is here to stay another 20-25 years.
As always, ideas and opinion are solely mine and this is not investment advise. I hold a long position in $TELL.