Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
First, I don't know if the post and comments about the Centrica deal are written as sarcasm or not. If not, that article is from August 2022, not recently. Second, the news that Gunvor is hooking up with Chesapeake I think is secretly great news for Delfin. It's the exact kind of setup that Delfin needs to lock in FIDs and hammer out deals with banks/equity partners. It's similar to the dynamics of the Devon to Delfin, Delfin to Centrica/Vitol arrangements, they contain all three components of supplier, liquefier, and end-user/broker. If they could secure a Chesapeake to Delfin, Delfin to Gunvor SPA and flip the previous HOAs to SPAs in the Devon/Delfin/Centrica setup I mentioned above, plus the deal with Hartree and whoever else they're talking to, that would secure their FID and begin to overlap into a second FLNG vessel. The new website does mention announcing a "second deepwater project in the Gulf of Mexico in the first half of 2023". (I added the red circle and arrow in the Chesapeake map)
The world still very much needs more LNG liquefaction capacity. Delfin LNG provides one of the lowest, if not the lowest FID threshold in the sector. As the Texas/Louisiana coast becomes a literal LNG carrier highway, I believe companies will see a 40 miles offshore export facility as an advantage and a much safer option. I'm not going anywhere.
Well, that was sort of a dud. I was expecting more specific, in depth talk about US projects and their FID potential given the name of the webinar. No Delfin mention, but they did show a graphic with Delfin LNG's numbers and anticipated FID dates. Lukewarm info and presentation overall but nothing to write home about for sure.
Poten and Partners LNG webinar is tomorrow at 9 am CST. The topic will be US LNG projects nearing FID in 2023. Hopefully this comment and link won't get deleted AGAIN.
https://www.poten.com/webinar-new-contracts-bring-us-lng-projects-to-the-brink-of-fid-february-22/
I think that OilPrice article did a poor job of properly conveying the message that the Reuters article stated. "Just three" and "at least three" are not the same thing. One implies that ONLY three can make FID in 2023, while the source article actually leaves it open ended for the possibility that more projects could acquire the contracts necessary to make FID. Delfin is still very much under the radar. I think Delfin would actually be a great candidate to sign GAIL and have them take an equity stake in one or more vessels at Delfin LNG. I know TELL is being linked to GAIL but Griftwood has terrible project economics and who wants to buy into a project with $1,200/ton cost structure when there's better options out there?
That's certainly a likely possibility. Delfin gave themselves many possibilities in their Schedule 13D they filed when they took over the TGLO shell. They do still have around 58M shares in the TGLO treasury they can play around with as well. The current share structure of TGLO is likely to change a lot once the r/m is finalized. I expect that the authorized shares would probably increase and that Delfin would use dilution with the increased authorized shares over implementing a reverse split to give them the room in the share structure they need to spread equity around. This is all my opinion and what actually happens could be very different from any of this.
My thinking is the "single partner" is going to be an outside entity injecting the $2.5B into Delfin for the FLNGV1, not Delfin/TGLO selling equity on the market. However, I do believe that the $2.5B will come with strings attached and one of those big strings, IMO, would be the r/m of Delfin into TGLO so the partner is in control of realizing a return on their investment on their terms and timeline. It also makes a lot of sense to me that these equity partners in these future LNG projects are going to want all the reporting requirements of a public company to insure that their money is in the hands of audited and publicly scrutinized companies.
Devon got the LNG question served on a platter and they appeared to sort of distance themselves from those prospects, at least in this earnings call context. They reiterated multiple times that "Devon is an oil company" when they certainly could have added that they do see the international LNG markets as a great opportunity for future growth. Given that Delfin is still multiple years out and the market is signaling a bearish lean with their Q4 earnings, I'm not surprised in the least that they want nothing to do with talking openly in an earnings call about potentially shifting a chunk of their business to the international LNG market given the uncertainty of projects in the works and the market itself. Devon is going to (IMO) be an absolute POWERHOUSE partner to Delfin Midstream for a long time.
This is what I found concerning the U.S. DoT and Delfin. The Maritime Administration is under the DoT and they issue the licenses for deepwater ports. I was under the assumption that all these permits/licenses were already approved and issued. From Delfin website, "Fully permitted the Delfin LNG Project offshore Louisiana including 13 MTPA non-FTA export license from DoE". I'm guessing this is probably where different govt agencies overlap in a gray area and one wants to assert control after the other has issued approval (just guessing). Delfin mentioned here...https://www.maritime.dot.gov/ports/deepwater-ports-and-licensing/approved-applications
Looks like Rigzone took down their article mentioning Delfin and Devon's partnership to bring American LNG to the international markets. Gives an error message and the article isn't listed anywhere on their "News" page either. I don't think there was anything in there that "secretive" given the Devon CEO is openly talking about it and we've known about it for awhile.
Good Morning Delfinos, yes I am calling us dolphins. I put together an updated graphic showing the current deals that have been announced with their details plus the anticipated Hartree Partners deal. What a day it's been so far, volume is stacking and the price is launching. Interest has clearly been renewed. Most of us know this is nothing compared to what's coming when the BIG announcements are made.
Here's an easy to read and understand breakdown of who exactly Delfin Midstream is in negotiations with for funding:
-Brookfield Asset Management is 124 years old, has 180,000 employees, $725B in AUM, and is headquartered in Toronto with offices in New York City, London, Sao Paulo, Mumbai, Shanghai, Dubai, and Sydney.
-Oaktree Capital is owned by Brookfield Asset Management, is 27 years old, has $164B in AUM, and is headquartered in Los Angeles with offices in New York City, Stamford, Houston, London, Hong Kong, Tokyo, Luxembourg, Paris, Frankfurt, Singapore, Seoul, Beijing, Amsterdam, Dubai, Helsinki, Dublin, Shanghai, and Sydney.
-Hartree Partners is jointly owned by two former Goldman Sachs commodities traders, Stephen Semlitz and Stephen Hendel, who merged with HESS Energy Trading Co. in 1997. Semlitz and Hendel were two of GS most successful commodities traders ever and put GS on the Wall St. commodities trading map in the 1990's. Hartree is now jointly owned by it's founders and Oaktree Capital.
And the complaining continues....
TGLO may in fact do a RS if they believe it is what's best for the share structure BUT it will be announced well in advance and everybody will have time to act according to their investment thesis. FINRA requires a MINIMUM of a 10 day notice before the company wants to enact the split and FINRA requires that a Corporate Action form be filed which will make it public record. Typically, companies do alert shareholders of the pending split through a PR but the FINRA filing requirement at least means it won't be a secret. FINRA also recommends companies DO NOT pre maturely release a split date until everything has been filed, approved, and FINRA has listed the pending Corporate Action. No company can just drop a RS PR, or nothing at all, and have it done immediately to the shock of shareholders. I am not completely convinced that a RS is definitely necessary and I still think they could actually max out the AS through dilution instead of reducing the OS by a RS. It's also important to keep in mind that the uplisting share price will be taken care of by the banks and investment institutions that are underwriting the deal for Delfin. If Delfin announces FID and R/M, it's highly likely (IMO) that we'll see big names underwriting The Delfin LNG project with a specific amount of funding at a particular valuation. That's where TGLO could close one day @ 20¢ and open the next day @ $10+ with the mother of all gap ups depending on who and what is in the filings. Uplisting requirements are also general guidelines for the average company wanting to list on an exchange. If Delfin walks into the NASDAQ or, more likely, the NYSE AMEX offices with CitiGroup/Merrill and BlackRock/Blackstone (or insert behemoth name here _____) on either side of them, those ticky tack requirements can fly right out the window. I have stated a few times here over the months that the biggest short term gains in TGLO are probably going to occur AFTER the R/M is announced and BEFORE the final structure and R/M are finalized and announced. That could be as little as a 10 day window bc of FINRA or a couple weeks, a month+, who knows. Nothing will be dropped as a surprise and everybody will have a chance to get out. All of this is more or less my opinion and derived from what I've learned over the months from the likes of the NIA, Xl175, MWM, Senor, JAB, research into the MP/TELL R/M, and everything I've gathered from reading and commenting on here and ST. Feel free to respond with ideas or corrections if I've missed something or gotten something wrong. I can't respond until tomorrow due to my 1 post a day jail sentence.
I know early investors in Magellan Petroleum made out like bandits on the TELL r/m. Do you know the specifics of the NextDecade or Cheniere r/m's in regards to how the early holders there faired?
And they've highlighted ShiftCarbon (carbon credit scam). Like I said, imo, these are massive frauds. It's funny bc the NIA was being paid to promote ShiftCarbon and they were telling their readers how much of a fraud carbon credits are in the same emails they were getting paid to send out about ShiftCarbon. They clearly got told to clean that up and haven't said anything about them since. I had a good laugh at that....I think Delfin is still in PRIME position to make giant deals with the biggest names in the world. Everybody will be floating right by Delfin LNG's deep water port on their way to Texas and Louisiana to fill up on the Gulf coast. There's more than enough LNG to make that port a viable business. I'm just waiting like all the longs who know what we're sitting on.
Germany coming in hot leading the way in worldwide LNG headlines. If Delfin could nail down a solid SPA agreement with Germany and highlight savings, safety, and time saved over a 15 year agreement by virtue of Delfin LNG's location 40 miles out into the Gulf of Mexico, FID could and should be achieved. I hope the Delfin Euro offices are keeping the coffee pot on.
Dak is wack. Deer in headlights is never a look that will win a SB.
What are you, some kind of conspiracy theorist? Everybody knows this couldn't possibly be anything other than retailers dumping /s/.
Nobody needs logical, thought out views here /s/
It's not difficult to understand my point here. I'm not saying there's no retailers selling, I'm saying calling people pejoratives and attacking their viewpoint to make another point seen more valid is not necessary and is pathetic. I've never said that what Grouse is saying is, in fact, definitely wrong. I responded to his ATTACK against others that simply had a different opinion. He's entitled to his opinion, but calling people names is supposed to be against the ToS here, yet I'm the one constantly being deleted for merely pointing out the obvious.
Yeah, that's exactly what I'm asking you when label people "conspiracy theorists" for simply engaging in discussion over their opinions and views. Declassified govt documents released regarding the JFK investigation revealed that "conspiracy theorist/theory" was intentionally used in the media through Project Mockingbird for the express purpose of SHUTTING DOWN discussion and opinions that sought to question or discredit the govt's official version of events. You used that term as a pejorative to intentionally make anybody who doesn't go along with your "simple" explanation seem like a kook.
Until people within Delfin or Frederick Jones at TGLO says they aren't making the FID, I'm assuming they are. They have come right out in the past when they couldn't get the numbers to add up and been honest about it. The silence to me has a very strong smell of a corporate silent period (regardless of the public or private nature of the business) in which nobody makes any public statements of any kind to anyone while the final details are being chiseled into stone. The trading action this week really seems like an attempt to shake loose as much low hanging fruit as possible so "someone" can gobble up the last few easily attainable shares. I would not be surprised at all if this "someone" is an important figure in the FID/RM process and they knew that they would be able to scare weak retailers into handling over gold for pennies.
Well said. And I raised the exact point you mentioned about the political nature of LNG when that comment was pinned to the top of the board. It was deleted. ;)
I do have to say, this is definitely the best stock board I've ever been apart of. Practically everybody who's invested here has something good to add, imo. There's different view points for sure, but everybody is courteous and confident enough to discuss the differing views and allow the conversation to progress forward, for the most part. I couldn't think of a better group of people to make a bunch of money with.
He's been a Delfin pessimist? Is that just from their history of attempting FID and not getting there so he needs to see it before he believes it? I can't blame him if that's the case.
Nice!! That makes a lot of sense given the tight financing market that these massive deals would ideally include a producer linked at the hip with a liquefier that's linked at the hip with an end user. That's essentially what we've seen with the Devon-Delfin-Vitol/Centrica deals (although Vitol isn't necessarily the "end user" they would certainly fit the bill for that third in line component to a deal). Given that Delfin LNG most likely has the lowest FID threshold in the US, I see no reason they will not get this done.
I agree and for all we know they have made their FID internally and are lining up and hammering down the specifics behind the financing of the vessel(s) and the role TGLO will play in that. Being a private company with a publicly traded shell might be one of the most frustrating investment avenues one could venture down given the lack of public communication from the parent company.
Yeah, we're on the same page. I should have clarified that, according to OTCM definitions, NIA is "promoting" TGLO bc of the price targets. Personally, I've always seen a "promotion" as a company paying someone for "investor relations" for the purpose of "promoting" the stock to the public. Those paid for promotions usually never have price targets bc it could lead to a company having to issue embarrassing public retractions, especially in Canada on the TSX, TSXV, and CSE. Promotion tags on OTCM do indeed usually have a negative impact on a companies price performance, especially if the increase in stock price isn't directly related to material events.
I 100% agree with the $10 gap up on FID and R/M news and filings. That's when the real fun begins and we watch exactly how high a stock can go that only has 2%-3% of the OS available. I've always thought $20-$30 is possible before it settles back at a realistic valuation, but there's no telling how high it could actually go.
Yeah, the promotion flag actually doesn't have to do with any actual "promotion" activities from the NIA regarding TGLO. It has to do with Jonathan Lebed who started the NIA. He is the youngest person ever charged by the SEC for stock manipulation. He was 15 or 16 years old when he was charged and ended up settling out of court with the SEC for a couple million dollars. Not every company that the NIA writes about gets the promotion flag. I've noticed that when the NIA gives a potential price target or they disclose they own shares, the ticker gets an automatic flag within days and it stays up until a couple weeks after they have completely stopped talking about the ticker. It's possible that the flag annoyed some retail people but, in general, the OTCM website is very slow and outdated and rarely has all relevant and up to date information about OTC tickers. I would be surprised if any large company doing DD on TGLO was using OTCM for that DD, imo. OTCM says TGLO's Authorized Shares count is "Not Available", but you could just open any recent TGLO filing and see that it's 500M shares.
That's a little sadistic.
I would love to know as well. I've emailed them a few times to try and get some info out of them and they've never said anything else about it. The warning certainly didn't phase them as they seemed to ramp up the attention they were giving TGLO as it was running to 85¢.
I have a theory that I've been contemplating for awhile and figured I'd finally bring it up and see what people think. Could be true, could not be true, but it is plausible. The NIA first mentioned TGLO back on May 4, 2022 with two emails and just said to keep an eye on this ticker and gave some basic, intro info. They didn't say anything else until August 22, 2022 when they began their huge email blast about TGLO/Delfin. From 8/22/22 to 11/22/22 they sent 98 emails talking about TGLO. They haven't mentioned them since the 11/22/22 email. On 9/20/22, the NIA sent an email claiming they were contacted and told to stop talking about TGLO and that they had made a bunch of people really mad by alerting the public about TGLO. There's a part of me that has contemplated the possibility that there was strategic accumulation going on within a specific price range before the big email blast and the price taking off messed up this strategic accumulation. Now who knows exactly what that accumulation was for and who might have been doing it, but it could have been certain important figures involved in the FID process taking positions for various reasons (if my theory is correct). Would Delfin potentially delay FID and R/M announcements due simply to TGLO's price action getting away from an important figure? It's all speculation and theory but there are aspects that make sense to me and the price coming back down to lower levels might be a good thing.
Thank you for confirming. I wish they would use different colors instead of red and green which have such an heavy, entrenched "positive/negative" connotation attached. And change the B/?/S to A/?/B. That would just make it easier for everyone to understand and aid in eliminating the misinterpretation of the trade info.
It seems like there's somewhat of an effort to keep the price suppressed right now.
That should show up as black (the ? that indicates orders triggered in between the bid and ask).