RE:Not sold on all this LNG hype.The 4-year plan will only happen when Crew can hedge natural gas at prices above $3.50/Gj.
Doesn't it too much LNG just means natural gas prices between North America and Europe will be tighter than they are now? Also do these companies building LNG wait until they have firm contracts in place before building? I just do not know what is involved if the buyer wants to cancel some shipments due to lack of storage.
upinmuskoka1 wrote:
There seems to always be some reason for energy stocks to remain stagnant. Weather, geo political events, supply, demand, renewables, SPR withdrawals and overall negativity towards fossil fuels it just never seems to end. And let’s not forget market manipulation.
Everything I have read points to an abundance of LNG to satisfy all countries around the world for decades to come
Saying that what makes us so sure that companies like CREW will benefit from producing vast amounts of LNG? Would not the over-abundance of LNG keep prices low like the over-abundance of NG today? How many of us are willing to wait up to reap the potential rewards of the four year plan not knowing for sure if we will even be rewarded?
Personally I do not want to wait. Too much risk.