The Liquefied Natural Gas share price is down 52% this year, is it a buy? | Motley Fool Australia

The Liquefied Natural Gas share price is down 52% this year, is it a buy? | Motley Fool Australia: "The Liquefied Natural Gas Limited (ASX: LNG) (“LNGL”) share price has more than halved since the start of this year, although shares have risen 0.9% or 1 cent today to $1.19.

The major factor playing havoc with the share price is the falling US WTI benchmark oil price, which slipped below US$40 a barrel overnight. Oil is in a state of massive global oversupply after thousands of shale oil and gas wells were brought online over the past few years, particularly in the US."



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