Good entry point right now, I see REXX going to $2 + in the next 1-2 months. 10+ in 1.5-2 years Why????????????
Price of NG will increase. NG is the future towards a smaller carbon footprint. All over the globe coal powered plants will and are switching over to NG powered. Either fully and or partial and that partial will convert over time to fully NG operations.
Ethane. The world is switching to Ethane over the heavier oil derived Naphtha. Petrochemical manufacturers are making the switch. Older article but relevent. http://ift.tt/27Ackd6
Ineos has invested 2 billion into building 8 high tech cutting edge Dragon class ships to move ethane, butane and propane to it's facilities in Europe. This is just the start. LNG shipping from the states to the rest of the world. https://www.youtube.com/watch?v=P7KE7c5qTHU
Ineos signed 15 year contracts to secure a deal that prompted sunoco to build its pipelines to the east coast hook export facility. http://ift.tt/1TZb20R
Ineos and REXX sign a deal for Rexx to supply Ineos with ethane, propane and butane. http://ift.tt/27AclOd
Rexx is consistently working on improving its balance sheets. Securing its senior credit facility. http://ift.tt/1TZbmNc
Just a matter of time. Patience will be highly rewarded here.
Submitted May 18, 2016 at 01:04PM by Mindsink http://ift.tt/1ssqhta
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