Bob Robotti has an ownership of 6% as well. Low US Nat Gas prices isthe huge competitive advantage this investment thesis is based on. Could also be a potential risk in the medium future imo.
The amazing thing about shale is 6/7 shale basins that are ideal for fracking are in the US. The other is the Vaca Muerte in Argentina. If China had the reserves, they would be drilling for them.
Thanks for sharing your thoughts. What do you think of their export terminal, and their potential role in supplying low carbon, blue ammonia as a fuel for shipping? They have been working on a proof of concept with a Japanese partner, INPEX.
That's more than five years away. I'm not 100% sure the climate gestapo have inertia to turn shipping into an ammonia based fleet. It's allegedly only $160 million capex for their half, assuming 60% project level financing. Management would only move forward with 12 year purchase agreements to lock in EBITDA, so it's safe for LXU.
Bob Robotti has an ownership of 6% as well. Low US Nat Gas prices isthe huge competitive advantage this investment thesis is based on. Could also be a potential risk in the medium future imo.
The amazing thing about shale is 6/7 shale basins that are ideal for fracking are in the US. The other is the Vaca Muerte in Argentina. If China had the reserves, they would be drilling for them.
I have a small piece left. Made some money, lost some money. In cyclicals I usually overstay and regretfully pay for it.
Management made some blunders with natural gas purcases, their ideas of M&A,...
Would prefer UAN, which is much more profitable, but as MLP is a no go for me (foreigner).
Yeah, I still haven't found that agricultural stock that I'm pounding the table to buy.
Eldridge owns this and...vivid seats. interesting.
Eldridge has a huge portfolio of companies, 110 on their website.
no conviction then.
lol just kidding, would def trade places with them.
Thanks for sharing your thoughts. What do you think of their export terminal, and their potential role in supplying low carbon, blue ammonia as a fuel for shipping? They have been working on a proof of concept with a Japanese partner, INPEX.
That's more than five years away. I'm not 100% sure the climate gestapo have inertia to turn shipping into an ammonia based fleet. It's allegedly only $160 million capex for their half, assuming 60% project level financing. Management would only move forward with 12 year purchase agreements to lock in EBITDA, so it's safe for LXU.