Saudis are in a no win situation. If they put smaller frackers out of business, fracking doesn't go away. It gets cheaper as others acquire the rights at a new lower price and bargain drilling contracts. They are driving down costs and not improving their position in the world.
NG prices will be climbing higher
Thanks. Those two trains probably effected the storage report. From what I had read, it looks like they have to slow them down before they shut them off.
NG shorts were fooled earlier in September and had to buy back. Cheniere made a statement that they wanted to be fully prepared with parts and labor prior to shutdown so that cash flow wouldn't stop. Argus Media reported on September 19th that Cheniere Energy has begun a four-week shutdown of its Sabine Pass LNG export terminal in Louisiana to repair gas flares that have not functioned properly. Maybe if they are prepared that timeline will be shorter.
Cheniere may have cut back production and effected the storage report today if their storage tanks were already full. But they will have empty tanks afterward that will be filled as fast as possible.
"Aubrey McClendon’s rare-wine collection could fetch $7.6 million" Is more important for CHK news.
The two tanks that they have are on loan from hitachi. They want to build more.
It seems that they are already being utilized in Canada by a company called Chart. A joint venture product first prototyped in 2014.
Based on more than 70 years of manufacturing experience, Chart Ferox in cooperation with VTG Aktiengesellschaft, one of Europe’s leading wagon hire and rail logistics companies, have developed and constructed Europe’s first LNG rail tank cars (VTG). LNG cryogenic rail tank cars offer the largest payload and the best thermal performance for cost-effective shipping of LNG by rail.
First shipment to begin shortly to Fairbanks. It's going to become an alternative to truck shipments for those who have no pipeline. It could become practice in remote areas of the world instead of hoping for a pipeline to connect them.
It will also depend on whether Fairbanks Natural Gas LLC, a company providing Cook Inlet natural gas to about 1,000 customers in Fairbanks, will want to use the railroad as a shipper.
Expansion of natural gas use is a longtime hope of Fairbanks residents looking for a cheaper alternative to fuel oil to heat homes.
Natural gas also is part of a state plan to clean up some of the worst winter air pollution in the country. The Fairbanks area regularly exceeds allowable federal fine particulate levels. Microscopic particulate inhaled deep in the lungs is linked to heart attacks, decreased lung function and premature death in people with heart or lung diseases.
Particulate is emitted by cars and coal-fired heating systems but especially by wood stoves, which some in Fairbanks use as an alternative heat source to fuel oil.
A pipeline carrying North Slope natural gas past Fairbanks for shipment to out-of-state markets has been an unfulfilled dream for Alaska for decades. In the absence of a pipeline in the petroleum-rich state, Fairbanks Natural Gas moves LNG by truck.
It looks like NG will look good as the following states:
U.S. natural gas futures surged to more than $3 per million British thermal units for the first time in 16 months as unseasonably warm weather drove generators to burn more of the fuel than ever for this time of year.
The late-summer surge comes as more of the fuel is being burned to make up for lost power supplies while nuclear reactors and other plants shut for seasonal refueling and maintenance. Gas producers Southwestern Energy and EQT were Tuesday's best performers among S&P 500 energy stocks.
An army of reddit users believes it has found evidence that former Hillary Clinton computer specialist Paul Combetta solicited free advice regarding Clinton's private email server from users of the popular web forum.
A collaborative investigation showed a reddit user with the username stonetear requested help in relation to retaining and purging email messages after 60 days, and requested advice on how to remove a "VERY VIP" individual's email address from archived content.
The requests match neatly with publicly known dates related to Clinton's use of a private email server while secretary of state.
Stonetear has deleted the posts, but before doing so, the pages were archived by other individuals.
It's old news that theStreet brings up. That credit downgrade is meaningless as stated below. In fact, I believe that they even changed it sometime afterwards. TheStreet is very active this morning helping shorty.
He sold but held half. Not like his filing of Apple. He knows his activity news moves the price. I half expect him to buy back at a lower price if the price stays low enough.
He stated tax planning reasons. He didn't sell out like he did with Apple before filing. He sold his highest loss shares.