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Great analysis Timbo, makes perfect sense

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stevehoff

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06/07/18

10:50

Post #: 34182189
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Originally posted by Timbogold ↑

Not really FD as we have KBR guaranteeing production levels under the bankable LSTK EPC plus Siemens and Chart, multi-$bn companies contributing their technological expertise.

Why would KBR risk its own reputation (with financial penalties for non/ sub-par production)?

Why would Stonepeak provide their debt commitment (subject to FID/FC)?

I'm afraid it's utterly spurious claim which will only put to bed once deals are announced.

Similarly, you've heard JB state the thoroughness of the data room, the 2,000 line items and site visits. He again affirmed these points last week. Those conducting DD are suitably impressed.

I can only encourage folks to appreciate GV's earlier comments about getting buyers comfortable which Trump has now unsettled (and TOTAL & WPL CEOs comments expressing industry concerns at WGC).

Meanwhile non-Chinese buyers close to signing, may be emboldened to hold off for better pricing, in case the US does slap sanctions on US LNG exports (hence TOTAL, WPL and others concerns).

As for all these other deals being touted, read the fine print. It's noise!

Many are not bankable but mere free (call) options pricing absolutely no guarantee any future will actually be done.

And those few out of the US that have been signed are for Cheniere's additional trains at CC/SP with existing customers.

Lastly, as for replacing GV, ridiculous. You think that will help get buyers comfortable.

Cheers

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Great analysis Timbo, makes perfect sense

LNG Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
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Great analysis Timbo, makes perfect sense

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