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We need not just an announced deal but certainty. To Wall Street that may be a closed deal. The sell down closed. The FID , The money in hand to build out the LNG plants and for the infrastructure build out.Then we get what we want. Wall Street hates unceertainty..
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"We need not just an announced deal but certainty."
If only investing was that easy. Just wait for the news and then buy.
The market is a discounting mechanism. Investors buy and sell in anticipation of events.
Let's see if some real buyers show up today.
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Perception is truth until it isn't.
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jft, I don't think it's a black and white dividing line between uncertainty and certainty. I think there will be multiple steps decreasing the uncertainty, and the stock will react positively on a net basis although probably with more volatility because of short efforts as they hopefully lose control over time or at some point.
There was large industry and press attendance at this PNG Conference. We may already be seeing some buying and/or covering from that and the return of O'Neill and others to PNG.