I will nor go over the fundamentals for those that do not know
We had a lot of coal electric plants that where turned into ng
That has caused the price of coal to fall a lot
So all over the world there is less conversion
Many plants are choosing to use coal 1st if their is a choice,
price of coal
There is not a huge demand for ng with huge suppliers coming to the market
so in the US and the world
how much ng will be used
I will give a good example
It makes 70% with coal
will the government force it to use ng
Thats the big question there ,the US and the world
The next topic is ng production in the US
We have in the past got a lot of ng from the drilling for oil
We are not drilling a lot for oil
oil going to bein the $45 to $60 range
so some drilling will come back
Ng prices in the US are going to rise
This will be good for contracts if honored
but lng will not be able to compete in none contracts
So ng will go to $3 to$4 k cu ft
and lng will not be able to compete in none contracts
most of contracts have good buyers who can afford to lose billions
There are a lot of companies like Shell ,and Chevron who are going to lose lots of money
i have lost plenty of money on dreams
trying to keep site honest
i post more because the attacks are not on the subject
so why let some one belittle me
i have never said it not a chance this company will not do well
I would even think investing in it
i am just investing in safer investments
safer trends are hot right now
that can change any time
many of apha post did not give fair looks but at least there
different opinion are given in a more even manner and ones posting there talk about important facts
of coarse when you quote
we are talking about spot
not average price paid
almost all quotes include all price of gas and cost to get there
Prices for liquefied natural gas (LNG) spot cargoes for Japan, the world's top buyer, fell in May to the lowest since the trade ministry started publishing figures more than two years ago, official data showed on Thursday.
The average price of spot LNG contracted in May fell by 10 cents from the previous month to $4.10 per mmBtu, the monthly data by the Ministry of Economy, Trade and Industry (METI) showed, down from $14.80 two years ago.
The average price of spot cargoes that arrived in Japan in May fell by $1.50 from a month earlier to $4.30 per mmBtu, down from $16.30 two years ago.
The prices compared with the current spot Asian LNG price of $4.90. Spot prices fell to as low as $4 in mid-April but have since recovered on short-term supply tightness.
METI surveys spot LNG cargoes bought by Japanese utilities and other importers, but excludes cargo-by-cargo deals linked to benchmarks such as the U.S. natural gas Henry Hub index.
i collect a nice dividend from dm and stock up from $26 where I bought it at and collected a dividend
i bought dm at $26 and doing fine
it up and collecting 3% dividend and dividend scheduled to rise 20% a year
some thing that means nothing to you ,a well educated person?
but to some its good
whats going on in the world
there is bust not a large demand increase for ng
every one thought that coal would be dead
coal prices are down and if cheaper to burn coal
where is some of the cheapest price for ng?
Is texas burning coal for electricity?
Is the world ?
ouston (Platts)--10 Jun 2016 607 pm EDT/2207 GMT
Coal-fired power burn in the Electric Reliability Council of Texas totaled 7.3 TWh in May, up 53.5% from 4.8 TWh in April, according to ERCOT's latest Demand and Energy report, released on Friday.
Total energy rose 13.9% to 28.5 TWh in May, an increase of 3.5 TWh from a month earlier.
With the rise in coal-fired power burn outpacing growth in total electricity generation, coal rose to 25.6% of the overall fuel mix in May, up from 19% in April.
Nuclear generators posted the biggest decline month on month, dropping to a 9.5% share, from 14.6% in April.
Article Continues below...
make some sense
all contracts allow some adjustment
for train one a guess.pure guess
contracts start in nov
but with a notice and 2 months ,buyers have to accept shipments of one a week till contract in nov
since the company is given little
you would go to the US government site and look at what price they are selling at,that might tell you if they are delivering any to contract buyers
we now the world is over supplied with lng
its now the laws and terms in the contract
each trains have different contracts
the big point is will contacts hold and when
and of coarse the world price of ng in the world compared to hh
the difference than before
they are not taking on new debt since all contracts require them to invest almost nothing
they just take contracts and supply nothing long term
every where in the Us there are companies that do what they do with much less over head
They now win probally less than 10% of new stations being built
Since they are investing almost nothing
Not buying any new companies
They should be able to stay in business for at least a few more years
But their high over head means little chance of doing well and old contracts will expire and they will have competition on those
Yes they may win them
But it will be at little profit or lose
High over head of the company means they have no chance of doing well
since we are getting little information from the company .I assume some one would check the price
lng got for shipments at the US government
i could be totally wrong
i thought they where required to take one a week now
would love to here your proof
yes if you are correct
it could effect the price a lot