when you build
you usually pre sell 60% and sell the rest latter
if you look at their contract
they get paid a % of price of ng in US
The price of ng right now is much lower than when they signed the contract
for an answer that answers the question with proof
Canada has a huge amount of ng
On the eastern part ir is closer to ports
They have stopped planed export of ng
It is selling in Europe and Asia for about $8 kcift
There just is not enough to be made and they are close to Europe compared to us
In th western 1/2 they have much more
But between pipe to ports making lng and shipping it is not profitable Australia and other have already invested heavily
The is just going to be a lot of lng coming out in the next few years
All countries are looking at whether to use ng or not
The price of diesel has caused this
Also Asia was growing above 10 %
It is much less now
The next is China
Industry used ng to produce steel ,chemicals and such
China started a few years ago and warned every one
We are rising our price of ng to world orices
Any business that uses it .go out of business if it takes cheap ng
For you will no longer get itI, you look at l the recent posting by the company and ones reporting
They base what the company has given
ng will be over $12 kcuft
It will not
Yes they have signed contracts
But the cost of ng here ,making into lng,interest of this companies books ,shiping cost
They will not be in good shape
Just check what the company has based all of their choices on, the price of ng in Europe ans Asia
If its not their high price they are in big trouble
This stock will fall by at least 75% with in a year
They have huge debt,no assets that are paid for highly leveraged
If lng is not high they are in big trouble
Bookmark I told you oil was going to drop and buy refiners I guess this fool was wrong again oh well what can you do I tried.
Hi, just some questions. I am not long or short. Just thinking of taking a small position and have a long position in a domestic driller. Does anyone know what is causing the downward pressure on Asian LNG? I understand it correlates with oil more than domestically in Asia, but still, where is the excess supply coming from or the demand falling? Isn't the end use natural gas power plants? Can they switch to other fuel in Asia or something like that? Is the reason for the drop the threat from US exports? In other words, Qatar or wherever else is lowering their price so as to not let more US LNG terminals begin construction? With the take or pay contracts, do people think LNG will actually be exported if the price drops lower? Or will they be better off just paying some sort of fee/penalty?
This guy keeps getting it wrong in the long term doesn't he but dont worry about him he has already got paid this is to the guy that said he deserves every penny still think that way now.
have you tried selling any puts yet? sell on a big down day and set strike price at least 20% below share price to give plenty of cushion to ensure you don't get called out and forced to buy
The fools keeps getting it right don't he oil dropping again just like I said it would not good for Cheniere hope I don't lose on my 48th trade of this stock don't you.
he is a certified moron, or a manipulator who knows LNG is a winner. your last post made a lot of good points. weather gary knows it or not is not important as he has no credibility with his comments. most longs have left this board and wont give gary the time of day. a moron is a moron but a fool is a rating only deserved by gary cause he thinks the few members he has chased away will make a difference in LNG. I have a few friends that monitor this board hoping he will leave but couldn't care less what he posts as they think he is a joke because of what he posts and not what he thinks of LNG. the good thing is once we move on from LNG for what ever reason gary will have to still live with himself as there is no way he can get away from himself unless he checks out the cowards way. he is his own worst enemy. I don't believe he has any friends since no one could stand his drivel that we have experienced.
Oh come on so easy to rant and rave with ignorant drivel.
One can disagree on whether our mgmt. deserves their huge high salaries as one can argue whether executives of companies going bankrupt deserve their huge salaraies, fired executives deserve millions in severance pay and .200 ball players deserve millions.
But what can not be argued is that we have effective management which deserves to be well compensated. These guys took a unheard of concept at the time, exporting, rather than importing LNG, planned it, got the financing, market the product, designed how they would exploit the idea, have already got substantial transmission and supply committed, got the product totally sold at acceptable rates, hired an effective and efficient construction company and overesaw the process so that its ready to export in a few months on time and on budget.
As you admitted, no other company cited by the oaf Gary has done that. They are all over budged and behind schedule.
Now we can argue how much money our executives deserve, but given that record there is no doubt that they deserve to be compensated more than the average bear. To simply whine about how much they make, without considering what they have achieved, better than any of the other executives as they were first in the USA and originated the entire concept, is the height of ignorance, of almost Gary like quality.
I'm not going to nitpick how much these guys make, just am thankful they got a novel profitable idea to market, covering all the various basis, on time and on budget. Management hired Bechtel, not the other way around. As far as selling, only if we get a huge premium to compensate us for the future value of 13 LNG exporting trains in a market expected to expand greatly. And the concept is becoming even more valuable as Golar is designing ships to both liquefy and regassify gas so that countries will be able to export/import lNG easier, faster and cheaper.
Maybe in the future don't start your comments with insults shows your immaturity.
Ah so your entire life's pleasure is irritating others. Such a dedication of life and simply shows how pathetic you are
4ever as long as you dont like it will continue get use to it my friend.
Exxon built massive plants in Qatar large trains 7 MT massive cost overruns and 2 years late. BP similar in Indonesia. Indonesia is running out of gas. Australia is switching to
Floating plants due to costs of construction. Sabine is in the right place at the right time with the wrong management. Best outcome is a sale to a major.
Its cheaper in the Emirates and Indonesia they pay slave labor rates regulations are lax.