viewLiquefied Natural Gas Ltd

Liquefied Natural Gas Limited substantial shareholder Baupost ups stake


Liquefied Natural Gas Limited (ASX:LNG) substantial shareholder and one of the world’s largest hedge funds, The Baupost Group has increased its stake in the company to 10.08% from 8.82%.

Seth Klarman's Baupost also holds a 2.38% stake in Cheniere Energy (NYSEMKT:LNG), a US$14.7 billion market cap that expects to export its first LNG from the U.S. in 2015.

From 5 August 2014 to 10 October, Baupost acquired 5,845,000 shares at prices between $2.77 and $3.46 each.
This brings its total holding up to 46,529,906 shares.

The company's Federal Energy Regulatory Commission (FERC) approval process for the proposed 8 million tonne per annum Magnolia LNG export project located in Lake Charles, Louisiana, U.S is on track.

In August, it finalised its acquisition of the Bear Head LNG project in Nova Scotia, Canada, from Anadarko Petroleum Corporation (NYSE:APC) for US$11 million.

This gives it a second North American LNG project that expands and diversifies its development pipeline.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Liquefied Natural Gas Ltd

Price: 0.19 AUD

Market: ASX
Market Cap: $109.56 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Revenue guidance from OptiBiotix as it eyes NASDAQ listing

OptiBiotix Health (LON:OPTI) provides a commercial progress update, explaining why in their financials some items are separated. CEO Stephen O'Hara tells Proactive London what's behind his thinking adding that Optibiotix hopes to reach profitability in 2020. News here too on Sweetbiotix and...

14 hours, 8 minutes ago

2 min read