Dr. Kent moors LNG (liquid natural gas) boom!Hi all,
I am a subscriber to a news letter from dr. Kent moors where he goes on to talk about how the Panama Canal being constructed to support bigger tank liners and that the U.S is ramping up to export LNG and with the canal being completed in February 2016 exports are going to take off. Also that through the fracking process in the shale rock to is bound to explode exports from the U.S into Europe. He also goes on to say that a huge basin in Australia was discovered and is gearing up to start exports into China.
Any thoughts on this fellow gumshoes??
Thanks, Marco
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LNG worries me a little bit, because so much capacity was built up in Australia and elsewhere (and, more recently, in the US) that I’m not sure the arbitrage is going to hold for long enough to make those insanely expensive LNG projects pay off. Cheniere is the poster child for this, it’s been clobbered — I wrote about that one here: http://www.stockgumshoe.com/reviews/oxford-resource-explorer/its-the-only-company-licensed-to-trade-a-product-it-buys-for-2-60-and-could-sell-for-as-much-as-15/
I did like the LNG tankers for a while, and there’s still a possibility that those will work out, but we have to work through some glut first — the tankers have been built up faster than the LNG export projects, as I understand it, so there’s some oversupply there now as well.
Thanks for you reply Travis, I didn’t see the links when I was searching. I appreciate your time.
Marco