NO Way on LNG, last but not least, Why is Chad Leaving?Kicking Horse management is presenting the ownership of approximately 11% in a company that wants to build an East Coast LNG plant. Give me a break. Are you really trying to hold out that this has any sense of reality. Do you understand the cost associated with building an LNG facility.
Do you know who is shipping to Europe. That is where the LNG would be shipped. What company is selling to Europe and is expanding to increase their capacity? Cheniere Energy.
Website is attached. https://www.cheniere.com/
Please understand that the West Coast is going to be substantially challenged to get possibly more than two or three facilities. Is little Kicking Horse going to help move forward this project. This is just so much meaningless promotion. Come on man. Or should I say Come on Steve. Tone down the story on LNG, at best this should be in the appendix behing a major advisory.
More to come on Management. Call your broker to discuss the issues and understand the only real play is Kakwa and that asset is 65% booked. Where is the upside.
By the way, the only feedback I get from the company's representatives on this site, is why are you making these points. Because investors and compliance should be asking questions.
As I have said, more to come. By the way, two days to filing the quarter. Interested to see what is going to say about, how they are making money with no hedges, and at $40.55 WTI. Please Chad, do a great job on this Quarter filling. Answer the questions, investor want answers to, because your career will include your time at Kicking Horse.
Why does a CFO leave a job to go and be a controller. The question Chad should be asked is: why are you leaving. If the company has so many great opportunities, why leave. Are you voting with your feet? Investors want to know.
As mentioned more to come.