TheGlobe.com Inc (TGLO)

[VortMax]

Enbridge about to make waves here IMO. They want to diversify and already have 5%. Surely they are pushing for a public option if they want to increase their stake here. Key quote from November Jones said mix of equity and bank financing. Willing to bet a bank will go 50% financing if Enbridge does the other 50%.

With 13Mt planned, that's $9B rev/yr and margins are upward of 20% or more. Supports $30B+ valuation and a big win for ENB. I can see a 1B O/S with ENB having 600M after it brings money to the table, Fairfield 300M, rest 100M and PPS 30.

http://fuelfix.com/blog/2015/07/01/enbridge-takes-5-percent-stake-in-planned-offshore-lng-project/