May. 26 at 3:55 PM
$NFE @WesEdens
Entire market ripped multiple 100%+ while NFE got crushed despite:
*No Chapter 11, RSA path becoming clearer, UK vote underway, Puerto Rico securing ~
$3.2B minimum 7-year delivery framework, LNG spot environment historically strong, FLNG 1 & 2 operational, Mexico + PR continuing as real cash-generating businesses, Nicaragua still alive, just delayed
Trying to understand how your market evaluator is pricing this.
If EV excluding Brazil is roughly:
~514M equity
*2.5B preferred
* 586M debt
…then either market believes equity gets massively diluted in final restructuring OR this is one of the most aggressively suppressed/distressed sentiment trades out there!???
Feels like creditors completely control narrative right now using their lobby power
Scratching my head every day, no uptrend on UK court playing as expected, Iran war metrics flavoring nfe and overall energy demand all time high due to AI rollout globally. pT 8.00 no split or 400 with 50:1 is fair assessment
