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Dominion Resources beats by $0.07

Comments (5)
  • zjstpierre@gmail.com
    , contributor
    Comments (2) | Send Message
     
    It appears Dominion is well placed to expand into the LNG field becoming a major European supplier.
    30 Apr, 08:15 AM Reply Like
  • Holthusen
    , contributor
    Comments (600) | Send Message
     
    zjstpierre, although they have initial clearance for construction of a LNG Export facility at Cove Point, I understand the project is in jeopardy due to a brief filed by the Sierra Club in the Maryland Court of Special Appeals. The following LINK to an Editorial in the Baltimore Sun indicates troubled waters ahead!

     

    http://bit.ly/QZtRsi

     

    I've been long Dominion ever since they announced their LNG plans but I fear this may become another Keystone Pipeline.
    30 Apr, 09:04 AM Reply Like
  • YCantIRetire
    , contributor
    Comments (431) | Send Message
     
    Holthusen,
    That link results in the home page for the Baltimore Sun which does not have an easily found search option.

     

    There is an article at the following link showing a Feb decision not going in Sierra Clubs favor.

     

    Court of Special Appeals OKs Cove Point gas export plan
    February 28, 2014|By Ian Duncan, The Baltimore Sun
    http://bit.ly/R2H6rV
    30 Apr, 09:25 AM Reply Like
  • YCantIRetire
    , contributor
    Comments (431) | Send Message
     
    zjstpierre
    I think the Europeans forgot to get in line last year when "Cove Point LNG tickets starting selling".
    Japan and India (GAIL) have secured positions for the first several years of LNG exports from Cove Point.
    I guess they can purchase from those having the "tickets".

     

    Reuters Apr 1, 2013 Dominion signs deals to export US natural gas from Cove Point
    http://reut.rs/QZBkYk
    30 Apr, 09:40 AM Reply Like
  • Holthusen
    , contributor
    Comments (600) | Send Message
     
    Thank You! You are right. SA chopped the last part of the link, and it's just as well, as I missed the fact the Editorial was nearly a year old!
    And as you correctly state the Court sided with Dominion.
    All that's left now is for the Sierra Club to lobby President Obama.
    30 Apr, 05:45 PM Reply Like
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