nicescene/iStock Editorial via Getty Images Thesis Domestic LNG capacity growth is a story that has and will continue to be a headline through the balance of this decade. This growth has been spearheaded by Cheniere Energy ( LNG ) who was the first major participant in this space. The company piloted the construction and operation of the Sabine Pass and Corpus Christ facilities. These two massive ...
nicescene/iStock Editorial via Getty Images Thesis Domestic LNG capacity growth is a story that has and will continue to be a headline through the balance of this decade. This growth has been spearheaded by Cheniere Energy ( LNG ) who was the first major participant in this space. The company piloted the construction and operation of the Sabine Pass and Corpus Christ facilities. These two massive export terminals were developed nearly a decade ago by repurposing input terminals. In contrast, Venture Global ( VG ) has pursued a modular green field strategy. In doing so, the company has been able to reach unparalleled construction speeds and ramp rates. In this article I will discuss the merits of both investments across categories such as growth, value, balance sheet strength, and profit margins. I will conclude with my preferred investment option. Growth Comparison Starting with demand growth, the largest years of increasing LNG demand are expected to occur between now and 2030. As shown below, the largest consumers of that growth are expected to be China and other parts of Asia. That growth is expected to be fueled mostly by US LNG, with the balance being supplied by Qatar. However, recent events have placed US LNG in the driver's seat. Not only is the country positioned to capture market share, but the region now also possesses superior contractual leverage. The political stability that exists in North America provides customers the guarantee of supply that no longer exists from Middle East suppliers. As such, I believe North American LNG suppliers will hold a distinct competitive advantage in securing long-term supply purchase agreements (SPAs) in the future. LNG Demand and Supply Growth (LNG Investor Presentation) With this bullish outlook for US natural gas, it begs the question as to which company holds the most potential in capturing this thesis. This has led me to compare two of the largest US based LNG exporters, Cheniere Energy and Venture Global. Starting...
Gwynne Shotwell, SpaceX President and Chief Operating Officer, is joined by SpaceX executives and employees as they ring the Opening Bell at the Nasdaq MarketSite to celebrate the launch of SpaceX's initial public offering (IPO) in New York on June 12, 2026. Adam Jeffery | CNBC Thousands of SpaceX employees who have suddenly become millionaires are redefining the wealth management business with th...
Gwynne Shotwell, SpaceX President and Chief Operating Officer, is joined by SpaceX executives and employees as they ring the Opening Bell at the Nasdaq MarketSite to celebrate the launch of SpaceX's initial public offering (IPO) in New York on June 12, 2026. Adam Jeffery | CNBC Thousands of SpaceX employees who have suddenly become millionaires are redefining the wealth management business with their combined fortunes. As CNBC reported earlier this week, more than 100 SpaceX employees with between $1 billion and $5 billion in combined assets have joined forces to negotiate better terms with wealth management firms. In anticipation of their massive windfall from Friday's IPO, the group has signed a deal with the registered investment advisor Choreo for wealth management services at a fee that's lower than industry standard. The deal, with a fee that starts at 0.5% and falls as the group's assets grow, represents a watershed moment in the wealth management industry, which traditionally charges clients based on their individual assets. Choreo's CEO, Jason Van de Loo, said the SpaceX IPO is a rare opportunity to build lasting relationships with a large group of clients whose wealth is about to skyrocket. "This is a unique transformational event," Van de Loo said. "We don't see events like this often. Most investors have decades to build wealth. When you get a moment like this, it's almost more like a large inheritance, or like winning a lottery ticket. It's not easy to wrap your head around the transactional components of that event." Get Inside Wealth directly to your inbox The Inside Wealth newsletter by Robert Frank is your weekly guide to high-net-worth investors and the industries that serve them. Subscribe here to get access today . The size of the Choreo group will likely grow over time, and the option is being made available to employees of other firms that are about to IPO. Yet the battle to manage the tens of billions of dollars in newly liquid wealth held by ...
IURII KRASILNIKOV/iStock via Getty Images Alvopetro Energy Ltd. ( ALVOF ) is a Canadian company that reports using United States dollars while getting most of its income from Brazil. The Brazil operation benefits from the fact that Brazil imports a lot of natural gas because the oil production it is known for has so far not found a lot of natural gas to consume. This company therefore benefits fro...
IURII KRASILNIKOV/iStock via Getty Images Alvopetro Energy Ltd. ( ALVOF ) is a Canadian company that reports using United States dollars while getting most of its income from Brazil. The Brazil operation benefits from the fact that Brazil imports a lot of natural gas because the oil production it is known for has so far not found a lot of natural gas to consume. This company therefore benefits from the very strong world pricing of a country that needs to import much of the natural gas that it needs. As such, the current stock price is sort of an option on the Iranian situation driving natural gas prices still higher. In the first quarter , for example, even though that quarter is the summer quarter for South America, the company still was able to sell the natural gas it produces for a price in excess of $10 MCF. For those that know, this industry converts using a standard 6 MCF-to-1 BOE, which means that the company was receiving very roughly, in excess of $60 BOE for its natural gas. For a small producer, this is not a bad business to be in by any means. The rest of the Canadian crowd can only dream about a summer price of that nature. Earnings Naturally, with a sales price as high as what was previously discussed, I think this rather small business is going to cash flow like few others in the upstream industry. Alvopetro Energy Earnings Trend Summary (Alvopetro Energy Management Discussion & Analysis First Quarter 2026) The company recently got involved in the Mannville formation in Western Canada (Alberta). So, there is a little bit of production that is Canadian. Since Brazil imports much of its natural gas needs, a small operation like this is in a relatively good position. The production is currently relatively low, and growth prospects of that production are at best slow. The business is something that Brazil would likely encourage, although the current production and prospects are unlikely to be material to the net importing situation. It is more about Brazi...
SpaceX CEO Elon Musk kicked off a dual-listed Nasdaq bell ringing ceremony in both New York and Texas on Friday, with a livestream event where he addressed SpaceX employees. (Source: Bloomberg)
SpaceX CEO Elon Musk kicked off a dual-listed Nasdaq bell ringing ceremony in both New York and Texas on Friday, with a livestream event where he addressed SpaceX employees. (Source: Bloomberg)
SpaceX CEO Elon Musk kicked off a dual-listed Nasdaq bell ringing ceremony in both New York and Texas on Friday morning before his company began trading. The rocket company made history with a $75 billion IPO. (Source: Bloomberg)
SpaceX CEO Elon Musk kicked off a dual-listed Nasdaq bell ringing ceremony in both New York and Texas on Friday morning before his company began trading. The rocket company made history with a $75 billion IPO. (Source: Bloomberg)
On this special bonus episode of the Bloomberg Business of Sports, we hear a conversation with Bloomberg News Texas bureau chief Julie Fine and Dallas FC president and co-owner Dan Hunt about how Texas is preparing to host nine FIFA World Cup matches, its economic impact and more.
On this special bonus episode of the Bloomberg Business of Sports, we hear a conversation with Bloomberg News Texas bureau chief Julie Fine and Dallas FC president and co-owner Dan Hunt about how Texas is preparing to host nine FIFA World Cup matches, its economic impact and more.
US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East In a move that surprises absolutely no one paying attention, the United States is planning to significantly slash the number of fighter jets and warships it feeds into the NATO machine in Europe , the New York Times reported Thursday. The reported cutbacks hit right as panicked European nations scramble to...
US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East In a move that surprises absolutely no one paying attention, the United States is planning to significantly slash the number of fighter jets and warships it feeds into the NATO machine in Europe , the New York Times reported Thursday. The reported cutbacks hit right as panicked European nations scramble to patch up their own defense capacities. Though long expected given President Trump's somewhat adverse relationship with the NATO alliance, and fiercely critical rhetoric continuously directed at Brussels, European capitals are deeply concerned given they are under the shadow of the Russia-Ukraine war, now in its fifth year. via USAF Washington is officially out of patience while Trump has openly mocked the alliance as a "paper tiger" and labeled its members "cowards" - earlier venting his frustration over Europe's refusal to jump into the US-Israeli war against Iran. According to two unidentified senior European officials cited by the NYT, Washington's upcoming retreat from the continent includes drawing down the number of US fighter jets supplied to Europe by one-third, as well as cutting all eight aerial refueling tankers conventionally provided (as most of the Pentagon's refueling tanker planes are currently in Tel Aviv anyway ), and drastically reducing maritime reconnaissance aircraft. Other prime military assets slated to be reallocated include a missile-launching submarine, an aircraft carrier, a group of bomber aircraft, and a handful of jets and warships. All of this was already previewed and leaked, but the fresh Times reporting provides further confirmation. The writing has been on the wall for weeks, given that US European Command explicitly stated this month that it would reassess Washington's contributions to NATO to "ensure Europe takes primary responsibility for its own conventional defense." We featured previous reporting which outlined a new US framework f...
Britain's Emma Raducanu books her place in the quarter-finals of the Queen's Club Championship with a dominant straight sets win over Romania's Sorana Cirstea.
Britain's Emma Raducanu books her place in the quarter-finals of the Queen's Club Championship with a dominant straight sets win over Romania's Sorana Cirstea.