Jul. 7 at 1:39 PM
$NFE Court approval secured. ~
$5.7B debt burden removed. New NFE emerges with only ~
$528M corporate debt and shareholders keep 35% of the equity.
Yet the entire company is valued at less than ~
$100M.
Management targets ~
$415M EBITDA from assets that are already built: LNG terminals, Fast LNG, turbines and power infrastructure. This is no longer a capex story—it's a cash flow story.
Key point the market is missing:
The
$2.5B preferred equity is redeemable at NFE's option, not the creditors' option. If NFE executes, it can repay or repurchase the preferred before conversion. If the preferred trades below par, NFE could potentially retire it at a discount, reducing future dilution.
Bull case:
• ~
$415M+ EBITDA target
• Potential for hundreds of millions in cash flow
• Debt largely eliminated
• Existing shareholders retain 35%
• Management incentivized to avoid dilution
Not financial advice. Do your own DD.
$SPY $AEXAF $NVDA
