May. 26 at 2:27 PM
$VG
Deal or no deal - VG prints cash regardless.
Spot exposure was reduced from 30% to 15% (which is more risk-off than I had hoped for, but creates a "floor" price
$15+). Likely VG has excess spot capacity from efficiencies, name plate increase etc. for even more $.
And spreads have been insane Q2 and will be going forward as well. Early July they release Q2 liquefaction fees and we'll never see under
$17.5 again. Loading while I can 💰
Not looking for more war, neighbors can't stop ALL Iranian missiles as before and there will be further damage and then demand destruction. This current scenario is optimal for VG, including any deal the can actually agree to. Hormuz will not see LNG transits at pre-war levels until -28+ if ever. By then we pull Waha gas at
$0 average and 🚀
