TheGlobe.com Inc (TGLO)

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Now why do you think this tiger (Delfin) will ever change its stripes?

Nice article Dave. The quote below just reinforces what we heard during the conference call by Poten last week and what we have been discussing. Cost of Capital is acting like a sledgehammer to many of these projects.

Delfin knows this and is using mostly equity, it has been rumored, but it still makes the cost to do anything challenging. Note the reference below to investment-grade partners. Delfin has these with Devon, Centrica, Vitol and more to come within the next 24 hours. (hahaha)

"Banks are telling Tellurian we want to see a lot of equity put in" by investment-grade partners that can help shoulder the plant's costs. "The real hammer blow for these projects is the cost of capital," said Munton. Cost of capital has climbed with interest rates.