Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
blast from the past!
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
We'll be on youtube instead with Economist extraordinare, Andrew Biggs. He'll talk about his article https://littleknownfacts.substack.com/p/what-pension-scandals-tell-us-about
join us, wontcha???
"No-moat Venture Global reported earnings mostly in line with our expectations, with major deviations being driven by full-year volumes slightly below our estimates and lower than expected interest payments. As of the time of this writing, the market has punished shares, with an intraday loss of 30% driven by upward revisions to project costs and 18% decline in volumes sold in the fourth quarter. While the news is not good, we believe the market is overreacting. Costs were always likely to increase as Venture is building out significant projects at the height of the cycle. As a result, we are only decreasing our fair value to $15 from $17.
In updating our model, we also increased our near-term production assumptions. Previously, we expected that its facilities would need a period of debottlenecking to achieve the excess volumes. Test runs at the Plaquemines facility indicate that the period is far shorter. Additionally, we have revised our expectations for marketed sales in 2025 and 2026 ...
