01-15-2015, 03:48 AM
'admin' pid='54104' datel Wrote:Yes, in theory all projects can be on hold, but LNG demand is increasing at 5% a year and somebody sooner or later has to build additional capacity. It's a bit of a collective action problem but the market is usually fairly good at sorting that out. And it's not necessarily the market, Total is a very big firm, they will look at their projects as a portfolio and weigh the prospects of each. I'm not saying it's not possible we're getting delayed or even canned, but I think that's really fairly unlikely. But even if the risk is small, it has notched up a bit, there is no denying in that.
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I don't disagree with any of that. It's just the least bad theory I can come up with as to why we got hit harder than our competitors and why our "hit" has continued/increased even after the others seem to have slowed/stopped. So is your thought that it is just Chandler? What is your best guess?