NextDecade: Buy The FERC News

Matt Farley
888 Followers
(10min)

Summary

  • NextDecade is a pure LNG play aiming to export first gas by 2027, with Bechtel building Trains 1-3 and an EPC contract for Train 4.
  • Despite the DC Circuit overturning FERC site permit, NextDecade remains on site, building Phase 1 (17mpta) of the Rio Grande LNG project.
  • NEXT stock is down 35% in the past week, offering a potential buying opportunity with future cash flows from Trains 4 and 5, but significant risks remain.

Liquefied natural gas tanker ship in sea

alvarez

NextDecade (NASDAQ:NEXT) is a pure LNG play that has expectations to export first gas by year-end 2027. The company is full steam ahead with Bechtel, their EPC (engineering, procurement and construction) contractor, to build out Trains 1-3. Earlier this week, Next had a contract in hand

This article was written by

888 Followers
Matt is an individual investor that has been in the equity markets for over a decade. His ultimate investing goal is to build a personal brand and stand-alone family office that provides flexibility on when and how he works going forward. Over the years his investing strategy has matured but he has now landed on a dual investing strategy. Focus on long term capital appreciation with index funds (like the S&P500) with a sprinkle of smaller speculative small cap stocks that may lead to outsized returns. Matt supplements his returns through writing far out of the money covered calls. Matt is a petroleum engineer by education and has worked in the energy industry for a decade. In his free time he enjoys discussing investment opportunities, medium-full bodied cigars and single malt scotches. Matt wants to write articles for Seeking Alpha to deepen his knowledge and due diligence on his speculative stock investments, as well as learn from other authors on SA as he recognizes portfolio strategies change as the investor ages.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NEXT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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