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Webber R|A Barge Week- Part 2: The M&A Menu
Barge Week Continues at Webber R|A with our Barge M&A Menu, out yesterday. The Barge M&A Menu: Assessing 2020 Consolidation Options includes: • The Elephant In The Room – Inland Special Situations (Page 2-3) • High Profile Coastal Distress (Pages 4-5) •...
It’s Barge Week At Webber R|A!
KEX: Previewing Q419 Earnings & 2020 Guidance Inland & Coastal Color: Page 3-4 Inland Spot & Term Pricing Data (Current/Historical): Page 5 Inland Barge Orderbook & Delivery...
US-China deal eases trade tensions, but tariffs still cloud LNG, ethanol flows
https://www.spglobal.com/platts/en/market-insights/latest-news/petrochemicals/011520-us-china-deal-eases-trade-tensions-but-tariffs-still-cloud-lng-ethanol-flows
Highlights From Webber R|A Call Series
LNG Project Risks: Tellurian, Venture Global, LNG Canada, Golden Pass North American EPC Updates: Last week we brought back our Vertical LNG Conference Call Series with guest Eric Smith of EPC Risks to run though updates on construction timelines for a number of North...
Tankers: 2020 Starts With A Bang
IMO 2020 Update: Scrubber Premiums Widen. Scrubber fitted vessels continue to command significant premiums as the clock effectively rolls to 2020 and the new IMO 2020 fuel regulations officially kick-in. Scrubber installed VLCCs are earnings $17k/day (~15%) more than...
US LNG projects on the bubble face possible shakeout year in 2020
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/122419-commodities-2020-us-lng-projects-on-the-bubble-face-possible-shakeout-year-in-2020
LNG Update: USG Pricing Color & Mubadala Builds Its NEXT Stake
Updated Pricing Color For U.S. Developers: Cheniere, Shell, Venture Global, Next Decade, Freeport, Annova, Commonwealth, Delfin & More. Over the past week we've had several conversations with LNG buyers, project developers, and downstream operators, with the more...
LNG Update: Frozen 3? Funding Hot Potato For Novatek’s Arctic 2
Keeping An Eye On Budgeting Process For Arctic 2 Who Picks Up The Check For Arctic 2? The timeline for Novatek’s high-profile Arctic LNG 2 (19.8mpta) may have hit a modest speedbump, as the ~$1.9BN request to help finance critical aspects of Arctic 2 [the Utrenneye...
GLNG: Tangled Structure Clouds Golar Power Growth
Golar Treading Water Post Q3 Earnings. GLNG traded up ~1% late last week after posting relatively tepid Q3 results, regaining some early lost-ground following a disappointing headline number (below). While we continue to think GLNG looks washed out here ( ~0.7x our...
Webber R|A: Vertical LNG Weekly
FERC Approves 4 Texas LNG Projects: On 11/21 The Federal Energy Regulatory Commission (FERC) voted in favor (2-1) of all three Brownsville LNG export terminals (below), along with Cheniere’s CC Stage - 3 expansion – granting all 4 projects final approval. Among those...
Webber Research: Global Shipping Weekly
Russia May Delay IMO 2020 Compliance: Russia, a large producer and exporter of high sulfur fuel oil, intends to delay full implementation of IMO 2020 regulations until 2024. This will only be in effect within local waters (including Belarus, Kazakhstan, Armenia and...
LNG Update: Shut-In Cargo At Sempra LNG’s Cameron T1 – How A Freight Fiasco & Narrow Arb Killed A Cargo
First USG Cargo (Technically) Shut-In, After Pavilion Fails To Lift. We believe one of the first LNG cargoes from Sempra’s Cameron LNG T-1 was technically shut-in, after Pavilion Energy (via Mitsui) effectively chose to eat the liquefaction fee while failing to lift...
Cheniere: Previewing Q319 Earnings
Cheniere - Getting Ahead Of LNG/CQP Q319 Earnings... Earlier this week we put our deep dive into Cheniere's Q319 results (LNG/CQP), with a focus on 1) Narrow export arbs and the impact on CMI margins 2) A look at early peak season and floating storage/global...
Webber R|A Call Series: EPC Risks – KMI’s New Elba Island LNG Timeline Likely Slips Materially
Highlights From Webber R|A Conference Call Series W/ EPC Risks CEO, Eric Smith Diving Into EPC Risk: Friday we hosted Eric Smith, CEO of EPC Risks for our inaugural Webber R|A LNG Conference Call Series - which we think was particularly timely as the market gradually...
2019 II Rankings: #1 in Shipping & LNG, NatGas
We're once again honored to be ranked as the #1 Shipping & LNG Research team by Institutional Investor (I.I.), which surveys asset managers controlling ~$2.0 Trillion every year to determine each sector's top analysts. We're extremely proud to hold the #1 Ranking...
Webber R|A Barge Week- Part 2: The M&A Menu
Barge Week Continues at Webber R|A with our Barge M&A Menu, out yesterday. The Barge M&A Menu: Assessing 2020 Consolidation Options includes: • The Elephant In The Room – Inland Special Situations (Page 2-3) • High Profile Coastal Distress (Pages 4-5) •...
It’s Barge Week At Webber R|A!
KEX: Previewing Q419 Earnings & 2020 Guidance Inland & Coastal Color: Page 3-4 Inland Spot & Term Pricing Data (Current/Historical): Page 5 Inland Barge Orderbook & Delivery...
US-China deal eases trade tensions, but tariffs still cloud LNG, ethanol flows
https://www.spglobal.com/platts/en/market-insights/latest-news/petrochemicals/011520-us-china-deal-eases-trade-tensions-but-tariffs-still-cloud-lng-ethanol-flows
Highlights From Webber R|A Call Series
LNG Project Risks: Tellurian, Venture Global, LNG Canada, Golden Pass North American EPC Updates: Last week we brought back our Vertical LNG Conference Call Series with guest Eric Smith of EPC Risks to run though updates on construction timelines for a number of North...
Tankers: 2020 Starts With A Bang
IMO 2020 Update: Scrubber Premiums Widen. Scrubber fitted vessels continue to command significant premiums as the clock effectively rolls to 2020 and the new IMO 2020 fuel regulations officially kick-in. Scrubber installed VLCCs are earnings $17k/day (~15%) more than...
US LNG projects on the bubble face possible shakeout year in 2020
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/122419-commodities-2020-us-lng-projects-on-the-bubble-face-possible-shakeout-year-in-2020
LNG Update: USG Pricing Color & Mubadala Builds Its NEXT Stake
Updated Pricing Color For U.S. Developers: Cheniere, Shell, Venture Global, Next Decade, Freeport, Annova, Commonwealth, Delfin & More. Over the past week we've had several conversations with LNG buyers, project developers, and downstream operators, with the more...
LNG Update: Frozen 3? Funding Hot Potato For Novatek’s Arctic 2
Keeping An Eye On Budgeting Process For Arctic 2 Who Picks Up The Check For Arctic 2? The timeline for Novatek’s high-profile Arctic LNG 2 (19.8mpta) may have hit a modest speedbump, as the ~$1.9BN request to help finance critical aspects of Arctic 2 [the Utrenneye...
GLNG: Tangled Structure Clouds Golar Power Growth
Golar Treading Water Post Q3 Earnings. GLNG traded up ~1% late last week after posting relatively tepid Q3 results, regaining some early lost-ground following a disappointing headline number (below). While we continue to think GLNG looks washed out here ( ~0.7x our...
Webber R|A: Vertical LNG Weekly
FERC Approves 4 Texas LNG Projects: On 11/21 The Federal Energy Regulatory Commission (FERC) voted in favor (2-1) of all three Brownsville LNG export terminals (below), along with Cheniere’s CC Stage - 3 expansion – granting all 4 projects final approval. Among those...
Webber Research: Global Shipping Weekly
Russia May Delay IMO 2020 Compliance: Russia, a large producer and exporter of high sulfur fuel oil, intends to delay full implementation of IMO 2020 regulations until 2024. This will only be in effect within local waters (including Belarus, Kazakhstan, Armenia and...
LNG Update: Shut-In Cargo At Sempra LNG’s Cameron T1 – How A Freight Fiasco & Narrow Arb Killed A Cargo
First USG Cargo (Technically) Shut-In, After Pavilion Fails To Lift. We believe one of the first LNG cargoes from Sempra’s Cameron LNG T-1 was technically shut-in, after Pavilion Energy (via Mitsui) effectively chose to eat the liquefaction fee while failing to lift...
Cheniere: Previewing Q319 Earnings
Cheniere - Getting Ahead Of LNG/CQP Q319 Earnings... Earlier this week we put our deep dive into Cheniere's Q319 results (LNG/CQP), with a focus on 1) Narrow export arbs and the impact on CMI margins 2) A look at early peak season and floating storage/global...
Webber R|A Call Series: EPC Risks – KMI’s New Elba Island LNG Timeline Likely Slips Materially
Highlights From Webber R|A Conference Call Series W/ EPC Risks CEO, Eric Smith Diving Into EPC Risk: Friday we hosted Eric Smith, CEO of EPC Risks for our inaugural Webber R|A LNG Conference Call Series - which we think was particularly timely as the market gradually...
2019 II Rankings: #1 in Shipping & LNG, NatGas
We're once again honored to be ranked as the #1 Shipping & LNG Research team by Institutional Investor (I.I.), which surveys asset managers controlling ~$2.0 Trillion every year to determine each sector's top analysts. We're extremely proud to hold the #1 Ranking...