LNG pricing hurt STO during the downturn. LNG pricing will help...

LNG pricing hurt STO during the downturn. LNG pricing will help STO in this upturn.

Low for spot was around the US$5.40 mark mid year.
Increased to $8.50 early October
Increased to over $10 early December

"PetroChina bought a free-no-board cargo loading Jan. 13-14 from Australia’s Gladstone LNG project for $9.50-$9.55 per mmBtu, or above $10 per mmBtu when shipping costs are added.

Kansai Electric paid an estimated $9.40 per mmBtu for a January cargo from the Australia Pacific LNG project, also topping $10 per mmBtu with shipping costs."
per Reuters https://www.reuters.com/article/glo...and-japan-sends-prices-above-10-idUSL8N1O75Z8

I'm guessing the current spot to be pretty close to oil linked index pricing. Be aware (or beware?) however of the forward curve which has pricing for mid 2018 back at $6.

So I l am looking forward to strong Q4 results fro STO. Linda Cook is no dummy - she sees a bargain in STO .... and who wouldn't if they could pick up these LNG assets at these prices ... someone else's capital (i.e. current shareholders) paid for these investments!

Good luck to all