Tuesday, August 16, 2022 11:28:49 AM
Listened to the latest earnings call for Cheniere and the CEO said he still thinks their equipment should be exempt. Says they're working with EPA and giving input. He said that even if they are not deemed to be in compliance he thinks they should be able to come up with a workable solution that won't have a material impact on their earnings or production.
-So that's sounding better. Maybe he's just overconfident, we'll see. But if anything, for legal reason CEOs are usually very cautious on calls, so he must think the EPA is coming around. This would be good news cuz it could crush natgas prices here in the US if Cheniere closed. Much bigger than Freeport.
If anyone wants to listen to that section for yourself, you can forward to 12:23 in the earnings call here and the EPA portion runs about 2 minutes:
https://event.webcasts.com/viewer/event.jsp?ei=1559360&tp_key=4ac7ac2c5a
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