TheGlobe com Inc (PK) (TGLO) News

Besame Mucho. Enjoy

Oh ok.  I have the bulk of my shares at Vanguard....( since 1998 :)
I also have a Schwab account.  I was trying to buy in the Vanguard account today.  

fyi
Effective April 28, 2022, Vanguard no longer accepts purchases and transfers in of most over-the-counter (OTC) securities. Clients can continue to hold and sell their existing positions in these securities. $RMTGLO

KellySueNews, I just bought 1500 more shares at at .36 through Charles Schwab. Who is your broker?

OTC low-cost security policy change with your broker likely

So.... this is a first; I just tried to "buy" TGLO in my Vanguard account and got the "Buy orders are not currently accepted for this security"!  What's up??  

I'll play. Under - by 3/14. Gulflink was approved on a Friday, so that's my attempt at an educated guess. I'll one up you; the pps will be .45-50 by then. The longer they wait, the tighter this thing gets. We're a shell stock holding .30-.35 with low relative volume (compared to 2022 when we were trading much higher volume at these levels and even higher), so it just tells you the mindset of current shareholders: "I ain't sellin'!"

Regardless, we are getting closer each day. We may see some short-term folks sell the news, but I'm betting that won't last long once things are official and Delfin begins to release news about plans, etc.

Bergum and Wright on Will Cain now talking about the Venture global approval.

Over under for March 21st? It is the government we're dealing with after all. Hurry up and wait. FUBAR etc ...

MARAD has a relatively small staff and no Chief Administrator. Perhaps they all got washed up in the Musk spin cycle. 🤯

$RMTGLO

Exactly. Saw it earlier today. Down over 50% in less than a month

Well, the market has spoken.... look at the current valuation

It will be interesting to see the timeframe between their permits and FID. It may be some gauge for Delfin

This marks #2 according to the reports:

“The issuance to Golden Pass marks the third LNG-related approval from DOE since President Trump took office, following an export approval to Commonwealth LNG on February 14 and an order on rehearing removing barriers for the use of LNG as bunkering fuel announced on February 28.”

We are not too far behind, there were only 4 or 5 that were waiting. Two have been approved already I believe maybe 3, don't remember, but we could be next in line, maybe another two weeks.

Golden Pass LNG export extension approved

https://www.energy.gov/articles/doe-issues-export-approval-golden-pass-lng-accelerating-president-trumps-pledge-restore






Come on Delfin! We are next!

Maybe we get a great big beautiful mention

Commonwealth LNG Chair Ben Dell will also be one of Johnson's guests on Tuesday night.

The Commonwealth LNG project was the first major beneficiary of the Trump administration's reversal of former President Joe Biden's pause on new liquefied natural gas (LNG) export permits. Energy has been a top issue for Republicans, particularly in resource-rich areas like Louisiana.

Energy Secretary Chris Wright last month announced the permit for the project, which is also in Johnson's home state of Louisiana.

I asked grok last night and was told there were no plans of Trump mentioning delfin in his speech

Will president trump mention delfin in his address tonight if he does this will pop huge

I must be bored.

Here is the mention:

"Chesapeake Energy (now Expand Energy) and Devon Energy have also entered the space with deals done with the Delfin LNG project and with Gunvor, respectively. The established European trading houses have little appetite for long-term deals and prefer shorter-duration commitments. The retreat of utilities from long-term purchase commitments is illustrated by the fact that, based on GIIGNL data, of the 57 MMtpa (7.5 Bcf/d) of long-term..."

Searching for specific terms gives you relevant snippets of the article, but I'm not that bored to piece it all together.

The long-term contract has been the cornerstone of the global LNG industry since its inception. Such contracts between upstream LNG producers and downstream utility companies have provided buyers with security of supply over a protracted period while guaranteeing producers sufficient income to justify the investment in export facilities and shipping fleets. But times are changing, with significant LNG volumes under long-term contracts scheduled to expire by 2031. In today’s RBN blog, we look at the potential implications for LNG buyers and producers around the world, the options available to them, and how their choices may impact LNG commercial models.



The long-term LNG contract, typically running for 20-25 years, has allowed producers, over time, to expand production — all LNG plants have spare capacity — with the result that a short-term market has developed, generally defined as contracts of four years or less. In 2023, short-term volumes of LNG — which includes cargoes that were transacted on a spot basis — accounted for 35% of global LNG imports, or 141 million metric tons (MT), compared to only 19%, or 41.6 million MT, in 2010. The increase in short-term trade is a reflection of the increasing commoditization of LNG. Although the long-term contract remains, for now, the major medium for contracting LNG supply, accounting for 260 million MT (34.4 Bcf/d) of 2023 imports, more than 100 million metric tons per annum (MMtpa; 13.2 Bcf/d) of global long-term contracts are due to expire by 2031, as shown in Figure 1 below.

Long-Term LNG Contract Terminations Through 2031

Figure 1. Long-Term LNG Contract Terminations Through 2031. Source: GIIGNL

We should emphasize that the impact of this trend, should it continue, would affect U.S. LNG contracts at a later date. The first U.S. LNG export facility, Cheniere’s Sabine Pass in Louisiana, shipped its first cargo in 2016, so any long-term contracts for that site would likely go until at least 2036. Meanwhile, Calcasieu Pass has 20-year contracts that haven’t even started yet. Likewise, most of the new U.S. projects being built offer 20-year contracts that won’t even begin until the end of this decade. (To track the progress of U.S. LNG export projects under development, see our weekly LNG Voyager report.) It’s also important to note that the need for project financing — and the long-term commitments that provide it — is not needed for terminals that have already been built and the original 20-year-old deals underpinning them have expired, which makes shorter arrangements more viable. In addition, some of the long-term commitments signed recently for projects under development also provide volumes today — bridging cargoes intended to meet a buyer’s potential supply gap.

Breaking Up Is Hard To Do - Move Away From Long-Term Deals Carries Risk for LNG Buyers, Producers

https://rbnenergy.com/breaking-up-is-hard-to-do-move-away-from-long-term-deals-carries-risk-for-lng-buyers-producers

Apparently there is a Delfin mention, but the article is behind a paywall.

We're in a lull. ¯\_🫤_/¯

Stock price Not going anywhere but still decent dollar volume  continues for the most part.

I've been telling myself this every Monday for 4 weeks now. Probably won't be a big week but I really hope I'm wrong

Maybe we could all start spamming Cruz duffy and trump on X until someone gets a response

March is our month!




Will be interesting to see what POTUS mentions in his SOTU tomorrow regarding oil and gas

Could be a big week, I’m excited!

More recently, in January 2025, the Trump administration issued executive orders under the "Unleashing American Energy" agenda, directing MARAD to accelerate permitting for offshore LNG export projects like Delfin. Specifically, MARAD was instructed to decide within 30 days (starting January 20, 2025) whether project revisions require a supplemental environmental assessment. If no additional assessment is needed, MARAD must issue a license within another 30 days. This timeline suggests that MARAD should have made an initial decision by February 19, 2025, and, if applicable, issued a license by March 21, 2025. 

Should pay attention to how long Texas Gulflink takes to go from ROD to MARAD approval for a guess as to how long it takes us.

Thanks, Excellent read! I follow them both but had not seen this yet.

https://www.zerohedge.com/energy/unleashing-lng-trumps-geopolitical-triumph-demands-new-realism

They may have to update the ROD first if necessary then issue the license, per the Trump EO, but it all happens in that additional 30-day window I believe.

I don’t think it will happen concurrently, because the ROD has to get updated first, but can’t say if they are announced together if the notice delay is really that long.

Agreed. Plus, if I am reading everything correctly, Gulflink ROD was approved. but they now have 30 days to approve their license, which we know they will absolutely do.

For Delfin, the fact we are past the 30 day review for ROD approval, perhaps MARAD is working on announcing ROD & license approval at the same time?

Notice it took them 2 weeks to update, so there might be a good amount of lag

Let's rock and roll

Marad updated just now. Only change was Gulflink which is signed & approved. Delfin next!!!
https://www.maritime.dot.gov/ports/deepwater-ports-and-licensing/approved-applications

Buyers anticipation, sellers banking on it.

People are probably locked in at this point

not so sure about the "smarter than you" however, since there was more sells than buys on the ask, it is my opinion that some may have looked at their position and said to themselves " WTF" Ive got how much in a penny stock shell sitting dormant ...... maybe I should collect some cash in the hand and maintain my base that I will profit nicely should this shell be used. yuuup not swinging for the fence, just a nice play after locking in some with plenty to score on the baseload. ;-0. Yup I said it. O no lions, tigers and bears...o no.

The volume last week was wild. 
Anyone smarter than me got any thoughts as to what was going on...someone loading? Switching hands?

And then this week has been very minimal.

License issuance is guaranteed either within 23 days (They have until March 21st at the latest assuming the EA was finished on the 30 days mark of the executive order) or until June assuming worst case scenario, though I doubt Trump would allow that to happen since he also declared a national energy emergency. MARAD just recently finished their ROD for Texas Gulflink 12 days ago, so i’m confident we are on schedule and we are all just anxiously awaiting the decision. After all a lot of us have been here for years. Trust me these days feel like months and every day we don’t get any news from MARAD feels ever more so like an eternity

Nothing to do but wait, but I have a question for the board while we do so.

MARAD determination date quietly passed. If the conclusion was a favorable, then I assume we're in the 30-day window for the updated record of decision (ROD) and license issuance. Otherwise, we're in the 60-day window for the environmental assessment (EA).

I figure that meant we'll know definitively whether or not the license will be issued in March. Otherwise, we're in EA limbo until June.

However, the executive order states, "Within 30 days after issuing the EA, MARAD shall issue an addendum to the ROD, if necessary, and shall, within 30 additional days, issue a DWPA license consistent with the ROD."

What does that mean? It reads as though license issuance is a foregone conclusion in 30 or 120 days, regardless of MARAD determination. Can a DWPA license be approved and issued that is prohibitively restrictive to the project?

Slow day

Thank you very much

No. Look at previous, and consistent filing dates. The next report is the annual 10K in March.

Shouldn't the quarterly report already be out?

The hold up, at least in my opinion, had to have been the Texas Gulflink LLC. MARAD had just recently approved their ROD 11 days ago. Here’s hoping Delfin is next!

https://www.transportation.gov/briefing-room/us-department-transportations-maritime-administration-announces-new-action-unleash

Interesting date Double M, I love investors with gut intuition. Good luck bud.

This isn’t news that just gets posted a month later. This is a federal permit with public notice requirements.

Also, pretty certain they haven’t started building the ships. Previous reports were likely alluding to FEED and slot preservation.

If they did start building then the company has also mentioned doing a limited FID prior to MARAD, but doubtful it has happened with the permits being so close.

Probably have to wait until it's officially announced by the governing body. My $$ is on Monday, 3Mar25.

Safe to assume that if Delfin is moving forward with ship building they have been approved by MARAD but just haven't announced it. They probably just don't have anyone to manage their website or social media at the moment

MARAD has until March 21st to issue a license. Not sure what’s going on behind closed doors. Possibly a DOE/MARAD approval together.

Everyone is waiting for that day, maybe another 30-45 days. Who knows.