Coeur du Tigre LSU Fan Waiting for Geauxdeaux. Member since Nov 2008 294 posts
re: Shell shit-cans GTL plant in Geismar (Posted on 12/7/13 at 6:01 am to sneakytiger)
Bad news. The only way this makes sense is if Shell is really in trouble.
There are only two viable GTL process designs in the world. Shell and Sasol each have proprietary and patented technologies. So Shell does not have to pay royalties as does everyone else save Sasol. If they still can't afford it, it must be bad.
re: Shell shit-cans GTL plant in Geismar (Posted on 12/7/13 at 11:42 am to kingbob)
my GTLS stock is taking a beating. luckily have small position. gotta decide whether to average down. made a huge return (%-wise, not claiming to be an OT-baller) on LNG so decided to take profits and diversify within the sector. brutality the past few weeks.
re: Shell shit-cans GTL plant in Geismar (Posted on 12/7/13 at 4:03 pm to brodeo)
Thank goodness we didn't get that steel mill KBB and Jindal went after. Thyssen has already sold it and the number of jobs it was to produced never got to the numbers the economic development types claimed.
Oh I would have loved to have the facility here but I did want all the welfare KBB and Jindal were proposing for them in out and out subsidies.