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New Fortress Energy Inc. (NFE)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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39.61+0.04 (+0.10%)
At close: 04:00PM EDT
41.00 +1.39 (+3.51%)
After hours: 07:09PM EDT
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  • m
    martin
    Per their may presentation, they own 30Tbtu of LNG that has not yet been committed or shipped thru 2023.

    At $30/mmbtu rates - below the current TTF and JKM future contracts - their uncommitted supply has a market value of $1B.
  • R
    Rich
    I really like this stock, & I believe the future will reap huge profits, the one thing that concerns me is their huge debt. I believe over 4 Billion. With interest rates increasing, they may have to sell more assets just to meet debt. I believe the majority of it is due 2025, I am concerned this debt may inhibit growth. Although I believe the upcoming years to 2024 will see windfall profits. Any one else concerned about the debt?
  • W
    Winston
    MEXICO CITY, June 3 (Reuters) - U.S. firm New Fortress Energy NFE.O is considering various investments in Mexico's energy sector that could be worth $3 billion, President Andres Manuel Lopez Obrador said on Friday.
    I guess now we know what some of the funds from the recent sale are earmarked for.
  • W
    Winston
    LONDON, June 9 (Reuters) - Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility, raising the risk of gas shortages in Europe.

    The plant, which provides around 20% of U.S. LNG processing, announced the shutdown late on Wednesday after appraising damage to the massive facility.

    How much of NFE's product is from this facility I don't know. But the value of its Fast LNG projects are going up, not down.
  • m
    martin
    News from Eq Guinea concerning Fortuna oil/gas field that NFE (with GLNG) are in advancing discussions to develop a major project. Development there failed several years ago, for political reasons…
  • m
    martin
    NFE sells SERGIPIE and related interests (excepting the Nanoock) for over $2B.

    The company states

    "Accounting for NFE’s 50% ownership of CELSEPAR, the transaction is projected to generate proceeds to NFE of approximately $550 million USD following the paydown of certain debt and other liabilities and net of transaction expenses."
  • G
    Gary
    Back in at $44.84.bought on close..
  • K
    Kerver
    Thanks, I'll check them out.Thanks for the tip!Thanks for the update!
  • W
    Winston
    German Chancellor: “LNG remains the central bridge to climate-neutral future”
  • W
    Winston
    Out today - The Ukraine war is the ‘structurally most bullish event’ in LNG industry’s history: Credit Suisse
  • W
    Winston
    New Fortress Energy was upgraded to a strong buy rating today by Zack's investment research. Though I don't take their ratings seriously, its better than a strong sell...
  • G
    Gary
    Have LT gains in EPD.PAA. If Nfe breaks below $40
    Will sale to buy more.
  • W
    Winston
    This just came out today-
    ‘Shares better than cash’: Golar LNG to retain NFE holding for now
  • G
    Gary
    bought 25percent at $44 plus.Anorhor 25 2day.50 to g
  • W
    Winston
    (Bloomberg) -- Activists are accusing a White House-backed task force of illegally operating in secrecy as it develops a plan to wean Europe off Russian energy supplies.

    The panel’s work has unfolded behind closed doors since late March, when US President Joe Biden and European Commission President Ursula Von de Leyen charged the group with helping Europe diversify its gas supply amid Russia’s war on Ukraine. A lack of transparency violates federal advisory committee law, anti-corruption group Global Witness alleges in a letter being sent to Biden on Monday. Environmentalists have separately filed an open records request seeking more information on the group’s work.

    “The task force’s operations have to date been shrouded in secrecy,” said Global Witness senior adviser Zorka Milin. That is stoking fears the natural gas industry will have too much influence over its work, she said.

    Only government officials of the EU and the US are on the task force — with no outside representatives of industry or other groups — and the Biden administration does not believe it falls under the Federal Advisory Committee Act, said a person familiar with the matter who asked not to be named describing the panel’s deliberations.

    The task force is charting plans to increase liquefied natural gas supplies to Europe by at least 15 billion cubic meters in 2022 — potentially through swift approvals for LNG export and import terminals. LNG exporter Cheniere Energy Inc. has been one of the task force’s “active participants,” Chief Executive Officer Jack Fusco said in a May 4 earnings call. The group has met with other industry members, according to the White House.

    If this stock shoots up on no news, it may be because of insider buying by government officials. Regardless of near term stock price action it is clearly a priority to help companies like NFE. Nice to have the government help, and not hinder, for a change...
  • W
    Winston
    DAEGU, May 25 (Reuters) - Woodside Energy Group WDS.AX, Australia's top independent gas producer, sees LNG prices staying high for a few years as the market adjusts to supply disruptions in the wake of sanctions on Russia for its actions in Ukraine.

    "LNG prices will remain elevated over the next few years as the market tries to balance demand and supply," Woodside Chief Executive Meg O'Neill told reporters on the sidelines of the World Gas Conference in South Korea.
    Next few YEARS. Just as NFE ramps up its fast LNG. $100+ a share here we come...(IMHO).
  • W
    Winston
    Today is a good day for the market, and NFE, but I have no idea how the year will play out. I do know that NFE will not be defenseless if the market resumes its swoon. They will soon be in a position to buy back shares or raise the dividend. To me NFE is the definition of the type of value stock I prefer to invest in. The excellent numbers for the earnings have not yet become completely visible for the algorithm programs as the big time earnings are about a year or 2 out, yet the downside will be limited.
  • W
    Winston
    Tue, May 10, 2022, 6:00 AM·5 min read

    In this article:

    NFE
    -9.03%

    NEW YORK, May 10, 2022--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE") today announced that it has executed a binding agreement to charter a floating storage and regasification unit ("FSRU") to N.V. Nederlandse Gasunie ("Gasunie"). The 5-year FSRU charter agreement will begin in Q3 2022 and provide storage and regasification capacity for Gasunie’s new LNG import terminal in the port Eemshaven, the Netherlands. The Eems Energy Terminal will in total add approximately 8 bcm per year of new regasification capacity for NW Europe, with expected start-up in Q3 2022. This new terminal capacity will increase energy security for The Netherlands and create sufficient LNG import capacity to meet the country’s gas needs without relying on pipeline imports, including gas from Russia.
  • m
    martin
    This morning, Stifel Cut NFE PT to $60 (prior $68).

    _______________________

    Highlight

    With development projects all over the world including 8 different offshore LNG production projects in the Gulf Coast, import terminals on potentially five different continents, and even a hydrogen production business, it is challenging to keep them all straight much less value of the collective businesses. In this note we have broken down each development in an effort to manage irons in the fire and come to an appropriate valuation. Generally, downstream development except for Brazil is going slower/worse than expect, but that is enabling the company to sell LNG they have already contracted to buy at a much more attractive spot price. However, the real upside and value driver for the story is the Fast LNG production which could drive enormous cash flow generation if executed quickly. Ultimately, we expect the company should be able to double EBITDA by 2024, and we would remain buyers of NFE shares.
  • W
    Winston
    Wed, May 4, 2022, 9:57 PM·21 min read

    In this article:

    NFE
    +5.34%

    NEW YORK, May 05, 2022--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE" or the "Company") today reported its financial results for the first quarter of 2022.

    Summary Highlights

    Reported Q1 2022 net cash flow from operations of $114 million, net income of approximately $241 million and EPS of $1.13 per share on a fully diluted basis

    Reported Q1 2022 Adjusted EBITDA of approximately $258 million (six-months trailing of $592 million)

    Reiterated on-track to achieve illustrative full-year 2022 and 2023 Adjusted EBITDA targets(1) of $1.0+ billion and $1.5+ billion, respectively

    NFE’s Board of Directors approved a dividend of $0.10 per share, with a record date of June 14, 2022 and a payment date of June 28, 2022

    Much more in the press release..

    OMG!!!!!!!!!!!!!!!!!!!! Much better than I anticipated.!!!