Justin C7
commented on
$Venture Global (VG.US)$ classic example of honoring your word to foster the business relationship..
Bad reputation will make people distance away from VG!
Bad reputation will make people distance away from VG!
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Justin C7
commented on
$Venture Global (VG.US)$ so many class action suits against VG. Wave after wave of negative news ...
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Justin C7
commented on
$Sirius XM (SIRI.US)$
Overvalued. The only reason anyone ends up with their service is that people who forget to cancel and have automatic billing.
Buffett's stake is the only thing holding this corpse up now.
Overvalued. The only reason anyone ends up with their service is that people who forget to cancel and have automatic billing.
Buffett's stake is the only thing holding this corpse up now.
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Justin C7
commented on
$Sirius XM (SIRI.US)$ Can someone tell me why it suddenly incurred a loss?
Translated
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Justin C7
liked
$Sirius XM (SIRI.US)$ Still waiting for that gap fill. Too many good opportunities out there right now with the market so hot, only way im parking anything else here is if they give us $25’s
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Justin C7
commented on
$Sirius XM (SIRI.US)$
Buffett effect kicks in ! to the moon babe
Buffett effect kicks in ! to the moon babe
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Justin C7 OP Kevin Matte : I agree, but we need to acknownledge a business without the ethical framework is disastrous.
While Venture Global’s business strategy maximized short-term profits, it risks legal action, loss of credibility, and damaged relationships with major LNG buyers. If courts rule that their force majeure claim was unjustified, they could face penalties and be forced to compensate buyers like Shell and BP. This case underscores the fine line between aggressive business strategy and contractual manipulation in the global LNG market.
Justin C7 OP : Adventures in LNG Investing
this article will sum up the whole VG episode.
Despite the long wall of text, that still cannot justify how VG sell 300 over cargo to spot market , make more than $19 bil profits, while declaring Force majore.
The best part is VG claimed they have the best equipment compare with Shell & BP liquefaction plants, and yet cannot fix the simple technical issue.
The cause is greed, led by no other than Goldman Sach