While Natural Gas Production Increases, Company Stock Prices May Not [View article]
Cheniere only owns an IMPORT facility, not an EXPORT facility. The sunk BILLIONS into this facility and no gas is coming to the facility. You cannot just "reverse the process" and turn it into an EXPORT facility. 2 years ago, the big buzz was bringing more LNG into the U.S. So all of the companies went out and spent billions to get the IMPORT facilities built and now we want to EXPORT!! A good lesson on risks and exposure in the oil/gas business.
Pls be careful with this type of advice. Based on above post if you went out and got some Cheniere you'd probably be watching your money go buh buy! Understand the LNG process. "...they have all that near the border of Texas and Lousisiana...". NO THEY DON'T!!!!!
-
Cheniere only owns an IMPORT facility, not an EXPORT facility. The sunk BILLIONS into this facility and no gas is coming to the facility. You cannot just "reverse the process" and turn it into an EXPORT facility. 2 years ago, the big buzz was bringing more LNG into the U.S. So all of the companies went out and spent billions to get the IMPORT facilities built and now we want to EXPORT!! A good lesson on risks and exposure in the oil/gas business.
Aug 12 13:26 pm
|Rating:
0
0
All Comments by Mmarrkk »While Natural Gas Production Increases, Company Stock Prices May Not [View article]
Pls be careful with this type of advice. Based on above post if you went out and got some Cheniere you'd probably be watching your money go buh buy! Understand the LNG process. "...they have all that near the border of Texas and Lousisiana...". NO THEY DON'T!!!!!