Met Conoco Phillips senior middle mgt LNG engineer on Sat. & had a lengthy one on one. To say it was an eye opening conversation would be an understatement...))
Originally from the UK, and long a naturalized U.S. citizen, the company previously loaned him & his subordinates to Qatar Nat Gas, to design, build & get a large export terminal running at optimal levels. What COP got in return, we can only guess, but no doubt it was important. Anyway, COP brought him & his wife back to America a few years ago to...
He joked about not having any inside information. Then, exuded an unmistakable glow (hint hint) when talking about Permian, Eagle Ford & Baken NG resources. We all know a lot of that gas is being wasted through flaring.
As my old mentor taught me, in the early 1980s, major mid-cap & big internationals energy firms plan decades in advance. So, my wag is whatever major LNG program COP has been planning under his supervision, since they brought him back to Houston, will be announced in the next year or two.
COP recent purchase of Marathon Oil strongly confirms my suspicions as that acquisition significantly expands it's Texas Oil & NG production AWA reserves even further.
On the political front? He assured me the pendulum inevitably swings back to favor our industry. Only days later have news of an epic swing to the right in elections across Europe assure a boost in demand for our LNG. Needless to say, he liked my WV wet Marcellus mineral property portfolio.
Even before the political pivot we're seeing in Europe American LNG exports were widely forecast to massively expand by 2030. Add increasing demand for domestic electric generation to supply rapid growth in AI & data center needs plus whatever number of EV vehicles are purchased by consumers during that period?<g> Well, suffice it to say, am very comfortable as a LT Bull with the next boom just beginning.
Logging back off, for awhile. As always, rather read you folks than post myself.
Cheers,
Iso |
