Baupost Continues American Shale Theme With LNG Investment

Seth Klarman’s Baupost Group has made another move into the natural gas sector, taking a 6.69% stake in Australian firm Liquefied Natural Gas Ltd (ASX:LNG), reports Angela Macdonald-Smith for The Sydney Morning Herald (full securities filing can be found at the bottom of this post). LNG’s stock price fell more than 7% following the news, but it is still up more than 1000% for the last twelve months with nearly all of those gains coming in the last three months. Baupost made similar investment in Cheniere Energy Last month we found out that Baupost had made a similar investment when the…