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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 konzelmannon Jun 04, 2011 3:21pm
291 Views
Post# 18671956

RE: oznerd

RE: oznerdOr maybe CVU management just realizes that now isn't the best time to add to their position in a gas producer, since gas production is near worthless and their year over year oil production has actually decreased. 

Cashflow from gas production is only useful if they can use it to crank up their oil production, and so far they haven't really been able to do that from what I've seen.  CVU's WI in their oil wells has been pretty low I think.  They've failed to really crank out much oil for themselves.  For your sake I hope their next few quarters improve.  They can't survive on gas forever when gas is so cheap. 

I'd rather stick with Exall because we already know that they're producing nearly 1500 boepd oil weighted production right now, and we know that they're still on target to double it.  Insiders here are buying because they know that if we can hit those targets then a 200-300 million market cap isn't out of the question.  They're confident enough that they want to add to their bets.  I like that.  Doesn't mean it'll happen exactly, but if we get close enough we're still going to make a fortune here. 
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