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Excelerate Energy Inc T.EE.DB


Primary Symbol: EE

Excelerate Energy, Inc. is a liquefied natural gas (LNG) company. The Company offers a full range of flexible regasification services from floating storage and regasification units (FSRUs) to infrastructure development, to LNG and natural gas supply. The Company operates a fleet of ten purpose-built FSRUs, have completed more than 2,700 ship-to-ship (STS) transfers of LNG with over 50 LNG operators and delivered more than 6,600 billion cubic feet of natural gas through 16 LNG regasification terminals. In addition to standard LNG carrier functionality, its purpose-built FSRUs have the onboard capability to vaporize LNG and deliver natural gas through specially designed offshore and near-shore receiving facilities. Its business spans the globe, with regional offices in approximately 10 countries and operations in the Argentina, Bangladesh, Brazil, Finland, Pakistan, the United Arab Emirates (UAE), and the United States.


NYSE:EE - Post by User

Comment by HonestAbeon Sep 30, 2011 12:36pm
228 Views
Post# 19104420

RE: update

RE: updateThe sense I get from reading the operational update is that production flowing to the bottom line results is delayed about 6-8 weeks and thus they are unlikely to meet their revised guidance for this year.  Stock technically is beginning to break down having now breached $1.30 for the first time since the breakout above $1.50.  There should be support around $1.20 and if that fails then you are likely looking at $1 as the next support level on the charts.  It looks like a combination of bad stock market, transitional operational growth pains, unfortunate luck (i.e. fire), and weakening commodity prices presently.
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