Maybe they aren't looking at a CR this very moment but pretty soon they will have to do one .
I'm drawing attention to the way across the whole market good news triggers sell offs and the terrible terms which brokers are managing to extract at the moment .
The SP decline pattern has become all too familiar and I suspect the SP will not start to rise until a CR has taken place .
The Trump / Iran sanctions hypothesis does not explain the drop from over 40c to 16.5c as unlike (non-floating)LNG gasification plants the assets are redeployable
Iran-India is not the only potential CNG import project in town and anyway China says it's not going to comply with Iran sanctions .
Believe me I hope you are right and it's NOT being manipulated down for a CR . Hopefully we have a forced seller and they will run out of shares soon .
GEV Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held