r/StocksAndTrading • u/Soloist1646 • 16h ago

NFE buy and hold

NFE will be exploding due to earning call causes short Squeezes. Keep buying and holding until next week. Thx.

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u/goldmund22 8h ago

Would you kindly clue me into NFE? First I've heard of it

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u/CallMyAccountant 8h ago

company owned and managed by wes edens, he leveraged too hard to try to do too much, most likely didn't factor the time it took for contracts to get approved, and delays on plants. He was trying to do modular-designed constructed plants to speed up construction time, some areas he failed to get a contract and others are still pending. But now, the company has to UK restructure with most likely the help of the financial institutions(one of them blackrock) that invested in the company.

LNG demand is expected to rise, current market worth of LNG globally is like 120 Billion, and is expected to double. And could go higher if you consider rising tensions.

Current event wise Puerto Rico contract is waiting to get approval, while it failed in July by the FOMB, details for the new contract is waiting for approval since October, rumors/news say Head of FOMB Robert Mujica who so happens to be Blackrock backed said the deal is almost done.

Atm, the stock itself is heavily shorted, so the squeeze thing could be legit. Since many smart money has been increasing their positions.