Excelerate Energy Inc T.EE.DB

Primary Symbol: EE

Energy Oil & Gas Midstream

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.

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Excelerate Energy Inc > wow this is sad

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Comment by edmbondson Mar 19, 2015 10:13am

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Post# 23537933

RE:RE:RE:RE:wow this is sad

They actually stated that if the financing failed to close then they would not have the funds to pay the debentures. The $54M writedown means that if the Viking deal does magically close, the debentures are going to have to be converted to equity to fix the balance sheet. Then they will need to raise new funds to get back in the field or they will need to be sold.

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