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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 splurgeon May 09, 2012 3:33pm
173 Views
Post# 19891288

RE: splurge

RE: splurge

thanks

Guess we won't know until june/july on the seismic results as I recall. They went through too much cash last 12 monthes and the recycling ratio really shows it using proven only reserves only. The market is doing what it should given this experience. They can't repeat that again. Their netbacks are solid... the flood probably had some negative impact but the nature of this waterflod and the lumpyness sucks. They suggest over time this will smooth out.  If you are correct then as results come out the stock should recover. They are on a learning curve also with their interpretation although in one press release they indicated some confidence in their ability recently to find the channels. Would also like to see their reserve life extended on proven reserves. When it is this short you can't screw up two years in a row.  Maybe the Wabamun will help oneday. 

I have always loved light oil. That is where my portfolio has been the last 12 yrs or so. 

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