NextDecade: How Do You Like Me Now? (Rating Upgrade)

FluidsdocInvesting Group LeaderFollow5ShareSavePlay(12min)Comments(2)SummaryNextDecade is upgraded to Strong Buy, citing improved prospects for U.S. Gulf Coast LNG shippers amid global energy security concerns.NEXT's Rio Grande LNG project targets 30 MTPA by 2028, with expansion potential to 60 MTPA by 2040, rivaling industry leaders.Contracted volumes, strong financial partners, and U.S. asset safety underpin the company's investment case despite high leverage and ongoing legal risks.Valuation scenarios suggest NEXT shares could reach $18–30 by 2028, contingent on realized cargo margins and project execution.Looking for a portfolio of ideas like this one? Members of The Daily Drilling Report get exclusive access to our subscriber-only portfolios. Learn More »JasonDoiy/E+ via Getty Images Introduction Clearly we picked the right horse last summer with our Strong Buy recommendation on Woodside Energy (WDS). Time and the market have been kind to us, and I think the best is yet toThis article was written byFluidsdoc11.34K FollowersFollowFluidsdoc is an international oil industry veteran with 40 years of experience having worked on six continents and in over twenty countries around the world. He is an expert in the upstream oilpatch and an energy sector specialist. He is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwater drillers, technical analysis to identify catalysts, and more. Learn More.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NEXT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This is not advice to buy or sell this stock or ETF, despite the particular rating I am required to select in the SA template. I am not an accountant, CPA, or CFA. This article is intended to provide information to interested parties and is in no way a recommendation to buy or sell the securities mentioned. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to do their own due diligence before investing their hard-earned cash.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.