Board LessonMacphail, Poelzer and Zawalsky are Board members of NVA and were/are part of the BNP board as well. Learning lessons from what will be a destructive financial loss from BNP will surely force these gentleman to be cautious with the remaining child they have.
Liquid Hedges expire end of year and Gas Hedges end of October. LNG cargoes to resume stateside to europe in Sept/Oct which should start to pull out storage volumes prior to winter. Liquid's game will surely be dependant on Covid recovery and any possibility of a vaccine in 2021. Lots of moving parts and risk with each as balls either stay in the air or drop.
NVA is a high risk and higher return play which i believe is best in suited for multiples.. i'm comfortable with my DD and i would advise others to also compile theirs and hopefully share their thesis as well. Q2 Earnings out Aug.4th, which should provide a marker to adjust financial models.