Previously:
Jim Cramer's Picks, August 31, 2022.
RBN Energy, December 30, 2014:
The RBN Energy story by Housley Carr down below was posted early on the morning of December 30, 2014. Later that afternoon Reuters was reporting that Excelerate Energy's Texan liquefied natural gas terminal plan has become the first victim of an oil price slump threatening the economics of U.S. LNG export projects.
A halving in the oil price since June has upended assumptions by developers that cheap U.S. LNG would muscle into high-value Asian energy markets, which relied on oil prices staying high to make the U.S. supply affordable.The floating 8 million tonne per annum (mtpa) export plant moored at Lavaca Bay, Texas advanced by Houston-based Excelerate has been put on hold.The project was initially due to begin exports in 2018.Excelerate's move bodes ill for thirteen other U.S. LNG projects, which have also not signed up enough international buyers, to reach a final investment decision (FID). Only Cheniere's Sabine Pass and Sempra's Cameron LNG projects have hit that milestone.
Now:
This morning, September 4, 2022:
Excelerate Energy webpage.
Hart Energy, link here.
IPO:
- Oil & Gas Journal, April 13, 2022.
- The floating LNG terminals operator has raised more than $360 million.
- Reuters, April 12, 2022.
- Breaks the Ukraine-driven IPO drought, raises $384 million.
Inaugural quarterly cash dividend:
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