GREY:CEQXF - Post by User
Post by
EstevanOutsideron Oct 13, 2018 11:32pm
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Post# 28796312
Goldboro LNG project could be announced by Oct. 19
Goldboro LNG project could be announced by Oct. 19 the First Nations group dropped their opposition and the project, backed by the German government has until Oct. 19 to accept the tentative approval. 1.6 Bcf/d of takeaway from Nova Scotia.
Pieridae took out IKM and their stock went up 100% on the announcement.
Canada has a couple more major projects after Goldboro that could become very probable, with Bear Hand LNG, also in Nova Scotia, likely the next after Goldboro. Either Exxon's WCC (4.0 Bcf/d) or Steelhead's (4.4 Bcf/d) projects in British Columbia seems possible. Steelhead just bought an order to contruct at-shore LNG Hubs for $500 million dollars.
Things are looking good. Cequence should have no problem surviving with their light oil, which should see improved selling differentials sometime in 2019, with a very strong chance of return to normality by Q3 of 2019.
I still think this company is a likely takeover target.