TheGlobe.com Inc (TGLO)

[Xl175]

Here is an interesting study: NextDecade and their Rio Grande project down in Brownsville TX. After reviewing ENB 10K that was filed last week and seeing that ENB has agreed to a Rio Bravo Pipeline deal that would feed NEXT, I was looking at a possible investment in NEXT. As we know NEXT went public in July of 2017 via spac. Current ownership is 85% insider with 122M issued and outstanding. Last month NEXT announced a FID delay until late 2022, stock was hit and now trades at about $2. Without question their decision to delay FID was because of WV vs. EPA, that will be a game changer for them. However, bringing this back to Delfin’s situation, the Rio Bravo pipe will cost 2B. Then they have to get another 10B to build the project. Looks like a bridge too far from where Delfin is. Delfin is not mentioned in ENB 10K anywhere but we know that they own a part of Delfin and have a Director on Delfin’s BOD. And we know that 2B doesn’t have to be spent to build a 137mi pipe to supply feed gas. Thus I can’t see the likes of NEXT gaining a competitive advantage over DLFN. Side note: TELL is a fraud, through and through.