Texas Tea 123

I work in finance and have covered LNG stocks in the past you dunce. When knowledgeable and experienced people are telling you something about a subject you know little about, it's best to listen, take the info, and make your own decisions. But go on and lose more money - that's your prerogative

Google

The big issue is that these freaking guys, for years, said their facilities were not commercially complete. When an LNG export facility reaches completion, the contracts kick in. Before being fully commissioned, it can still produce some LNG and those are all equity volumes for the company (e.g. they own them, they buy the domestic gas and sell it internationally at an international price). Spreads were huge, so they made a ton of money. They essentially stole this money from their customers. The customers' contracts should have kicked in leaving VG with a lot less equity volumes to market.

Hope that helps mr "examples please"


BP (Lost): In October 2025, BP won a significant arbitration, with tribunals finding Venture Global failed to act as a "reasonable and prudent operator" by delaying commercial operations to sell at higher spot prices, potentially costing BP over $1 billion.
Shell (Won): Venture Global won its case against Shell in August 2025, though the reasons for contrasting outcomes with BP are unclear.
Others (Ongoing): Repsol, Galp, and Orlen have similar claims against Venture Global, with arbitration ongoing.

Securities Fraud (IPO): Class actions filed after Venture Global's January 2025 IPO allege false statements about project viability and legal challenges, according to firms like Kessler Topaz Meltzer & Check, LLP and Rosen Legal.
Employee Stock Options: Lawsuits filed by former advisors (Muller, Ruggirello) and former General Counsel (Dillbeck) claim the company blocked them from exercising stock options, reports Bloomberg.com.

This company is trash. I've spoken in length about in another thread. I'm a buyer at sub $3, maybe

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Closed under $6 today. How low does it go?

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Easily another 20-40% of downside

OKE has gotten pretty beat up over the past year or so. And they deserved it for some reckless M&A. But I bought around $70, though, which ultimately is a <10x EBITDA multiple.

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You think they are just waiting for the next period of time where they will just be able to pick up and run full speed? It might be ten years but they want that pad ready and raring to go is my only estimation.

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So sink multiple billions into the ground and hope it’s needed later down the line? That’s not how capital providers work my friend!

One must ask themselves -- what drives a LNG export company?

The spread between domestic gas and international gas.

Domestic gas is on an upward trajectory.

International gas isn't.

Meanwhile, there is way too much capacity being built.

So what happens when you have 2x the amount of capacity that is needed to meet demand?

Also OKE is not an LNG stock

VG could very well go bankrupt in 5+ years

LNG export capacity overbuild -- global gas spreads will tighten over the next 3-5 years rendering VG worth so much less than they thought they were. That, and the general sleaziness of mgmt (see lawsuits from major customers).

Tell me about BRCC. How hard is it to get in?

Is the genesis of it not simply that those "trashy" people generally live in lower income areas, which generally means more crime and such, and having one or two pit bulls may deter some of that? Then it grows and becomes cultural