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New Fortress Energy Inc. (NFE)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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34.40-0.70 (-1.99%)
At close: 4:00PM EDT
34.41 +0.01 (+0.03%)
After hours: 05:32PM EDT
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  • P
    P
    Gary, you still happy you sold?
  • W
    Winston
    It is my opinion that NFE is still way oversold and will not come close to its proper valuation until it passes $50. However if that takes more than 2- 3 years then the proper valuation may be much higher. It is not enough to find great investments, many can. But holding is the hard part (IMHO).
  • F
    Francis
    $GLNG conversation
    Golar LNG - REFINANCING NEWS !!!!!
    Termed out, upsized by 100mm and reduced rate on the
    $NFE
    loan facility. (40% LTV currently)
    Termed out, upsized by 78mm and reduced rate on the
    $GLNG
    Tundra loan facility.
    Grew Liquidity by 178MM until Sept 2025 and saved ~125 bps.
    Hired European Banks to refi the $390mm CVT debt due in 1Q 2022 - should be easy refi with current market dynamics and LIFT big hurdle to stock price.
    REMINDER
    Market cap $1.37B and underlying biz V STRONG
    As of August 15 had $1billion of Cash and Public securities
    As of Sept. 16 slide deck they said EBITDA could grow to $589mm from $190 LTM by start 2024
  • F
    Francis
    If you are worried about NFE being short natural gas or are short the stock I advise you to reread the companies July 21st presentation, slide 30-31....
    https://ir.newfortressenergy.com/static-files/ac44cb10-b4dd-4e6c-8460-7c7728030223
  • W
    Winston
    One needs to walk before they can run. Coal supplies over one-third of global electricity generation and plays a crucial role in industries such as iron and steel. It is not going away quickly. Natural gas is the best bridge fuel that can materially reduce the use of coal. What some idealists don't understand is that all forms of energy have drawbacks but we need energy to live. Uranium is a great choice but . oh no. there can be an accident. yet so many are dying from pollution. Natural gas and LNG are great choices, but they still can pollute, though much less than oil or coal. Solar! All hail solar! but there is much pollution to create the necessary hardware, and that hardware needs constant maintenance and updates. Wind, it's ok if you don't mind slaughtering birds. There are few perfect solutions in life but I am investing here not only to make money, but I sincerely believe in this company's vision. I suspect I will be a shareholder for many years to come. Not sure what prompted that outburst....
  • W
    Winston
    New Fortress Energy Inc. Schedules Third Quarter 2021 Earnings Release and Conference Call NEW YORK--(BUSINESS WIRE)--October 12, 2021--

    New Fortress Energy Inc. (the "Company") plans to announce its financial results for the third quarter 2021 prior to 8:00 A.M. Eastern Time on Wednesday, November 3, 2021. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com.

    In addition, management will host a conference call on Wednesday, November 3, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Third Quarter 2021 Earnings Call."
  • m
    martin
    Their Corporate Update this morning put the fire under NFE shares, and the fear under NFE shorts.
  • m
    martin
    The extra $200M now expected for Q4 owing to NFE being long on LNG cargoes, which it is selling in the market place, is roughly $1/sh. Share price responded $6/sh. Why?

    Because the fear was that they were actually significantly short LNG cargoes to meet their needs, and that a market place purchase would have cost them dearly.

    That's how I see the apparent disproportionate share response
  • m
    martin
    I wonder how much the high LNG pricing is affecting NFE operations today? are they insulated wholly with existing secured supply? Is there a drag on expansion opps? There seems to be too little LNG to meet current demand - their plan for Fast LNG seems well timed, but is it advancing?
  • R
    Ryan
    Without some retracement to build up support its likely this stock will tank. That was a massive jump in a single day with little volatility following it. Feels like it will drop without more momentum.
  • S
    Steve
    I'm holding for long. Thanks to the DD Winston
  • F
    Francis
    $GLNG conversation
    $GLNG What is JUST the BP contract worth to Golar LNG shares....151mm/yr gteed for 20yrs is $3.02B If i discount back at 4% the PV is 1.378B which is entire GLNG mkt cap....hmmmmmm
    Still have 10 LNGC Ships, 9% of $NFE stock, 24% of Avenir LNG and $300mm Cash
  • G
    Gary
    Looks like alot of support in 18 ..20 area?Chart is hard to read..so technical s are difficult
  • W
    Winston
    SINGAPORE, Sept 28 (Reuters) - Price agency S&P Global Platts is expecting Asian spot liquefied natural gas (LNG) prices to fall to about $11 per million British thermal units (mmBtu) next summer from $29 per mmBtu this week, an analyst said on Tuesday.

    "We are expecting JKM to be well above $25 per mmBtu in winter. Prices will fall from current levels next year but will fall quite dramatically," said Jeff Moore, manager of Platts' Asian LNG Analytics division during the annual Platts APPEC 2021 conference.
    Moore added that the agency expects spot prices to fall by more than $15 to about $11 per mmBtu next summer.
  • F
    Francis
    Short interest rose to 12.63% of Public float since April as the story gets pushed they are "short natural gas". Stock is NOT very liquid with days to cover climbing and stock tightly held. Earnings on 10/27
  • A
    ATR
    Management more than doubled the revenue forecast for Q4 2021 - read the 8-K
  • S
    Steve
    Finally, we are heading north. lol
  • W
    Winston
    NFE
    -1.69%
    Tue, September 21, 2021, 9:28 AM·4 min read

    In this article:

    NFE
    -1.69%

    Explore the topics mentioned in this article

    NEW YORK, September 21, 2021--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("New Fortress") and The Government of the Democratic Socialist Republic of Sri Lanka ("GOSL") jointly announced today that they have executed a definitive agreement for New Fortress’ investment in West Coast Power Limited ("WCP"), the owner of the 310 MW Yugadanavi Power Plant based in Colombo, along with the rights to develop a new LNG Terminal off the coast of Colombo, the capital city. As part of the transaction, New Fortress will have gas supply rights to the Kerawalapitya Power Complex, where 310 MW of power is operational today and an additional 700 MW scheduled to be built, of which 350 MW is scheduled to be operational by 2023.

    New Fortress will acquire a 40% ownership stake in WCP and plans to build an offshore liquified natural gas (LNG) receiving, storage and regasification terminal located off the coast of Colombo. New Fortress will initially provide the equivalent of an estimated 1.2 million gallons of LNG (~35,000 MMBtu) per day to the GOSL, with the expectation of significant growth as new power plants become operational.

    The 310 MW Yugadanavi Power Plant currently has a long-term power purchase agreement to provide electricity to the national grid that extends through 2035. This power plant consists of General Electric turbines and is configured to run on natural gas in combined cycle.
  • m
    martin
    NFE signed a 10-Yr FSRU charter to secure HMLP vessel in Jamaica

    ———-

    Höegh LNG Partners LP Announces a New Long-Term FSRU Contract for the Höegh Gallant
    Fri, September 24, 2021, 6:37 AM·3 min read
    In this article:

    Ten-year contract with New Fortress Energy to commence in fourth quarter 2021

    HAMILTON, Bermuda, Sept. 24, 2021 /PRNewswire/ -- Höegh LNG
  • W
    Winston
    Tue, September 21, 2021, 4:16 PM·3 min read

    In this article:

    NFE
    -2.79%

    Explore the topics mentioned in this article

    NEW YORK, September 21, 2021--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("New Fortress" or the "Company") announced today that it has executed a term loan facility secured by eight Company vessels (the "Shipping Facility"). The Company made an initial borrowing of $430 million and can borrow up to $725 million under the Shipping Facility.

    The Shipping Facility has a three-year term, and loans issued under the facility will bear interest at an annual rate equal to LIBOR plus 3.00%, subject to a 0.0% LIBOR floor. The Shipping Facility is prepayable at par at any time without penalty.

    Net proceeds of the Shipping Facility will be used to fund the development and construction of the Company’s energy infrastructure projects around the world.

    Oh no! more good news! I hope we don't drop below $25 tomorrow...