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Yeah, and mergers and acquisitions.
FERC set to continue LNG reviews despite Biden’s DOE pause:
“FERC is an independent agency that is supposed to rise above politics,” said Neil Chatterjee, a Republican who chaired FERC during the Trump administration.
The pause “was a political decision taken by the DOE, and FERC is supposed to be independent and not subject to pressure from the White House or the Department of Energy,” said Chatterjee, now a senior adviser at law firm Hogan Lovells.
A non-free-trade-agreement (non-FTA) authorization “is where the money is,” Giannetti said.
Chatterjee said he thinks DOE will grant more export licenses for non-FTA countries eventually.
“Of course, project sponsors are going to want to be able to go to non-FTA countries, but in the interim, if DOE is going to play games, they still have options available to them to move forward and not be held up,” Chatterjee said.
If that works, great. It would seem to me that in order to receive an extension from the DOE of this magnitude, in this political climate, it would take more than a previously constructed facility that is "closed" and not in operation in order to satisfy the construction start requirement. IMO they would want to see a more recently built facility that's more relevant and directly connected to Delfin LNG's near term commercial viability.
My input on the selling aspect was centered around the larger position holders on the board having a conscious, concerted exit plan based on making new buyers hit the ask at a premium instead of dumping into the bid in a rush for the exits. I don't even fully understand what it must be like to hold a stock for over half a decade (a decade+ as theglobe(dot)com investors if some comments here are legit) and maintain the confidence it would have required to hold and even add after each letdown in this drawn out process. My hope was that all those years wouldn't be "wasted" by irresponsible selling of large tranches of shares for sub $5 when they could easily get $10+ if they held strong.
I am glad they haven't gone public yet. I think their situation would be similar to TELL's at this point with a hoard of overly invested retailers at inflated prices based on SPA's and hype but no financing announcement in a bear market. We now have possible rate cuts on the horizon with June being looked at as the starting signal to loosen monetary policy. I think Delfin is currently in a golden window of opportunity to sign a monster SPA and drive this thing home with the banks.
Thanks for the heads up on the previous conversations. I for one have taken the time to scroll years back to look for specific info when it's hinted at by the long-timers here. The onshore portion of the project certainly seems like the most logical path towards satisfying the upcoming commencement deadline. Why open yourself up for scrutiny and headaches by stirring up the hornets nest of "environmentalists" down on the LA coast for the LADEQ air quality permit if you're not going to utilize it and do the buildout? Again, appreciate the heads up on the ask info from the past, will check it out.
Thank you for finding that. Of course, that makes total sense. At this point I'm saying just build the damn compressor station. We have the FERC extension and the LADEQ Air permit for the emissions. At the very least it shows a good faith effort to advance the project and at the very most could possibly satisfy the DOE's construction start requirement for an extension. I have no clue what it would cost to build but I'd think Jones and Co. could source a few million from their beach house mattresses to get it done.
TELL CEO saying he plans to adjust the commencement deadline to fit their construction timeline. Is he delusional, lying to investors, or does he know something nobody else does?
"We already have our license to export LNG to Non-FTA Countries which is valid through 2050. As we get closer to completing construction, we plan to adjust the in-service date condition under that license to accommodate our construction timeline," Houston said.
Once again, not true. They were sued over the inability to get 700M shares from BEGI, not the $33k balance on the note. These half true, carefully twisted statements of yours reveal that you're not here for truth. You also keep omitting the fact that BEGI paid off the note in full (over $55k I believe) and GS Capital openly accepted the payoff amount.
Truth? You are no deliverer of truth. Narcissism and sadism for sure, but truth? Ha.
Yes, I believe you're right. Thank you.
Hey XL, something else that's crossed my mind, does Delfin truly NEED the non-FTA extension right this very minute (or in June) if they are signing deals with the likes of Vitol, Hartree, Gunvor, and possibly other LNG brokers? Does the non-FTA permit restrict who those brokers can flip the cargos to? If not, then maybe Delfin doesn't need to get too worried about the non-FTA extension until we get a new administration in office.
I can't remember who said it, but the suggestion that starting the onshore buildout of the compressor station could possibly qualify as "beginning construction" on the project could be a big deal for us. Maybe they don't actually have to start building the boats, just some sort of infrastructure for the project itself. Obviously, I'm not for anymore dragging of the feet on this project, but that idea has been bouncing around in my head and could be the least expensive option to get an extension approved.
Bought in at .0024 and sold at .0089 on the way back down after crossing a penny. The chart turned from bullish to bearish and it became apparent to me that it was going to test the 50MA so I got out. Once the stock sliced through the 50MA with no resistance I knew a 200MA test was coming. I considered buying back in after it hit the 200MA but the bounce was not strong and it came back down and continues to parallel the 200MA now. My concern for the stock now is that it only takes one or two large dumps to panic people with $500-$1000 positions who will in turn dump straight into the bid to preserve their capital. When that happens combined with MM's looking to bid whack and bring it down further, it's highly possible that it breaks the 200MA and begins to test the high trips again. At this point, the CEO really needs to get the rubber on the road and show progress towards generating revenue. If he can't do that then his habit of financing the company with toxic funds is most likely going to sink him. There's a lot of potential here if the right things occur, I'm just not convinced that the CEO can actually do all this on his own. Just my honest opinion of what I'm seeing on the chart and within the company. You can't live on hype forever.
Don't ever believe what somebody else says is in a filing. You should always go and read it for yourself, all of it. You would have seen that important context was intentionally omitted bc it didn't fit someone's agenda. Oh, and GS Capital Partners accepted the debt payoff payment.
Just got unsuspended.
You're clearly not a very genuine person. They are not doing anything over a $33k debt. They are in court bc the entity suing them is seeking compensation that would drastically alter the company's share structure and force a corporate action and charter amendment. I don't even own this stock anymore and you're still here lying and misrepresenting EVERYTHING.
So....once you get suspended on this dump site do you ever get unsuspended?
I can think of a project that can supply LNG to European countries without having to go anywhere near the Red Sea, or around the Cape of Good Hope....https://www.zerohedge.com/geopolitical/qatar-pauses-lng-shipments-red-sea-after-us-bombs-houthis
No, it'll just prolong his presence until the price inevitably falls back down and he can reclaim his status as King Turd at the top of the toilet bowl. Everything will eventually go back to zero if you wait long enough. He will wait long enough.
Yeah, when I typed that I told myself the answer is likely both and probably more of a rhetorical comment than a question.
Why are two market makers posting bids at the strange price of .2315? And there's obviously way more shares available at .29 than 5k. Is it that the float is so miniscule there has to be a concerted effort to box it in and keep it down, or is Level 2 just a practically useless feature of modern trading?
If the buying continues and we start to trade over .30 again, we'll definitely see a hoard of comments about this being a shell with no revenue. Can't wait....
From TradeWinds: Floating LNG sector finally counts down for take-off
Raft of new projects queue for berth space as other prepare to kick off production
Floating LNG production has been poised for lift-off for over a decade but this year and next are expected to be pivotal in bringing the sector to life and into the mainstream.
By 2030, FLNG players calculate that more than 60 million tonnes per annum of LNG could be produced from about 18 FLNG units. There is existing capacity in operation from five projects to produce over 12 mtpa.
The New Year signalled action for the sector.
The first major newbuilding order announced for 2024 is for Cedar LNG’s 3.3 mtpa FLNG unit priced at a cool $1.5m. A final investment decision, or FID, on the Canadian project, which is based out of the western coastal town of Kitimat, is expected shortly.
But engineers working on projects say this is just the start, with at least four more FIDs on FLNG schemes due in the next two years.
They list developers such as Delfin Midstream and Western LNG which are lining up first floaters of 3.5 mtpa and 6 mtpa for the US Gulf region and west coast Canada respectively, with subsequent units to follow as part of larger project plans.
While it has been slowed by negotiations between energy companies Eni and ExxonMobil, several industry players also highlighted that a decision is expected to be made on the long-awaited Coral North project off Mozambique this year — a potential sister unit for Eni’s already operational 3.4-mtpa Coral-Sul FLNG unit.
In Asia, Genting Oil & Gas has given limited notice to proceed to China’s Wison (Nantong) Heavy Industries to start work on a 1.2-mtpa LNG floater.
Others point to Golar LNG’s speculative moves to forward the first of its Mark II-design LNG carrier-to-FLNG unit conversions, which involves cutting a Moss-type vessel in two to install liquefaction units between the hull parts. They hint that the company is working hard to nail a first project for this solution.
In Nigeria, UTM Offshore has teamed with the Delta State Government and Nigerian National Petroleum Co on a FLNG project which some think is set to fly. The project partners promise an FID before the year-end.
Between them, these projects could see more than 19 mtpa more LNG production sanctioned — all of it to be produced from offshore units.
Complexities and competition
But projects are complex, often involving many large counterparties, and sanction dates can slip. Also, dry-dock space to construct large hull structures for FLNG units — which typically require around eight months before they move quayside for the complex outfitting work — remains at a premium and competition for slots is evident.
Last year, Delfin, which has been working with Samsung Heavy Industries on its FLNG units, announced it had signed a deal with Chinese shipbuilder Wison Offshore & Marine to give it access to more berth slots.
Black & Veatch vice president and managing director offshore & marine industry Javid Talib told TradeWinds: “Our market insights suggest that FLNG capacity could quadruple in the remaining years of this decade.”
The engineering company’s liquefaction technology is currently being used or specified for half the FLNG facilities that are in commercial operation, have achieved or are nearing FID, or are in detailed design and construction.
Key year
There are already five FLNG units in operation worldwide with a sixth that started up in one country before being sold on to another project.
2024 will also be key in that this unit and two more are scheduled to start production.
Petronas’ LNG floater PFLNG Satu was the world’s first unit to be put into operation. Photo: Petronas
Both Eni, which is using the existing Tango FLNG unit to monetise gasfields in the Republic of Congo, and New Fortress Energy, with its innovative converted jack-up rigs set up off Altamira, Mexico, claim to have introduced first gas into their units. Liquefaction is due to follow with a first cargo for export this quarter.
Further into the year, Golar LNG’s second LNG carrier-to-FLNG conversion, Gimi, is also set for start-up on the maritime border of Mauritania and Senegal.
Three FLNG units are currently on order — one for Petronas’ ZLNG project, another for Eni which will also be deployed off Congo and this week Cedar LNG confirmed its order at Samsung Heavy Industries. The trio are due for delivery dates between 2026 and 2028
From article: "These unprecedented disputes have encouraged LNG buyers to engage in intensive and lengthy negotiations with US LNG developers to ensure that the purchased cargoes to be received (are) in accordance with practically recognized procedures."...Interesting and relevant point made there.
"Fun to watch what you know will be a bad period for retail."
Sadists are individuals who take pleasure in other people’s pain. Whether they are just watching another person suffer or causing the person to suffer themselves, sadistic people enjoy witnessing others’ suffering. Although Sadistic Personality Disorder (SPD) is no longer officially included in the DSM-5 as a separate disorder, many mental health professionals still recognize its presence as a condition.
https://www.choosingtherapy.com/sadistic-personality-disorder/
Yes, bc GAIL has said to be planning to take up to a 26% stake in an American LNG project. Delfin is a perfect candidate bc they can invest into their own vessel and use or sell for a profit the LNG offtake.
Correct, I'm just forecasting a day that we all have envisioned when the rubber meets the road and we're trying to read through a Super 8K as our trade accounts are exploding. There's no connection with Delfin and this particular article listed on Schwab/TD but it's just interesting that it's even there. It reads like an iHub post and it's the only thing on there. One day there will be a bunch of real articles outlining the details of the FID+RM.
These pops in the share price on 100K+ volume days are tiny teasers of what comes when there's 10M+ volume on 8K news before noon and we are sitting over $5. At that point you're having a hard look at yourself in the mirror asking if you have the balls to hold to $20+. Those are good problems to have and we'll all be having them. Also the only news event for TGLO being a connection to Delfin has always been interesting to me. Seems like a disclaimer or a heads up...
All anybody has to do is look at my post history about your "calls" to know that you're completely full of s***. All you've done here is say that you were invested and you called for higher prices. Once it dumped you changed your tune and acted like you called it the whole time. The fact you keep coming back and lying over and over about something that didn't happen is very weird and speaks volumes about who you are internally.
You should sell everything tomorrow. And "shipyards and births" is redundant since they refer to the same thing. I suggest "as births at shipyards fill..."