TheGlobe com Inc (PK) (TGLO)

Morocco will beat Canada today

France will beat Paraguay

Brazil will beat Norway

Mexico will beat England


Spain will beat Portugal

Belgium will beat USA

Argentina will crush Egypt next week

Sweden will beat Colombia

I’ll try to find out the capacity of that compressor station.  I’ll see if I can find one of the Williams technicians this week and see if they know anything. I’ll be right next-door to their compressor sub in Starks Louisiana this next week. We start our pig run on Tuesday

Never thought about that. That would certainly save them a few hundred million. Is there enough capacity, compression or whatever the criteria is to piggyback on Williams? Would they prefer to have their own control with a new station?

That would be just like Delfin to pivot after battling with ferc for so many years. They probably would have to go back to get approval for the change.

What's a few hundred million at the end of the day?

I’m kind of wondering if they’re just going to use Williams compressor station that’s where that 42 inch line goes to.

Breadcrumbs can absolutely come. If they even hint at a possibility of going public, there ya go. If they continue to fund TGLO, also a hint they are keeping this for a future R/M

No point of trying to find out by looking for bread crumbs under every rock and hope it sticks, this merger if it happens it will be closer to revenues. There are no smoke signals anywhere.

I would be interested to know whether or not they have put shovel to ground to start work on the onshore compressor station.

They technically have until next September to bring the facility to "operational" status. If not they've got to go back to FERC and request another extension which should not be an issue.

Don't go out of your way but if you find yourself in the neighborhood an update would be much appreciated.

It would appear so on the surface....

Yes, there are notable structural and strategic similarities between the Delfin FLNG 1 joint venture (as described in the filing) and how many current energy infrastructure companies — especially in LNG/midstream — organize as Master Limited Partnerships (MLPs). However, Delfin itself is not structured as an MLP.

Quick MLP Refresher (Layman's Terms)

MLPs are publicly traded partnerships (usually on NYSE) common in U.S. energy. They pass income directly to investors (avoiding corporate taxes), often pay high quarterly distributions (yields), and suit stable, cash-flow-heavy assets like pipelines, storage terminals, and LNG facilities. Investors buy units (like shares) and receive "distributions" from operations.

Classic examples include Cheniere Energy Partners (CQP) — an MLP that holds Cheniere’s Sabine Pass LNG assets — and others like Energy Transfer (ET), MPLX, or Western Midstream, which own midstream infrastructure.

Key Similarities to Delfin’s Setup

1. Multi-Tiered Ownership with Different Rights

Delfin FLNG 1 JVCO uses Class A and Class B units with varying rights on funding obligations, voting, and distributions (Class A ~20%, Class B ~80%). DMI retains a significant but non-controlling stake, while big investors (GIP/BlackRock ~51% combined via entities, MOL/Pegasus ~18%, Vitol ~7%) take large slices.

MLP parallel:

MLPs have a General Partner (GP, often with incentive distribution rights/IDRs for extra payouts when thresholds are met) and Limited Partners (LPs) who provide most capital and get priority distributions. This creates layered economics similar to Delfin’s Class A/B split. Cheniere’s structure (with GP interests and IDRs) is a prime LNG example.

2. Project Finance + Infrastructure Focus

Delfin uses ~$1.41B equity + $3.55B project debt for a critical energy asset (FLNG vessel + port) expected to generate long-term, fee-based or contracted cash flows from LNG offtake deals (Vitol, others).

MLP parallel:

MLPs excel at owning/operating "toll-booth" style infrastructure (pipelines, terminals, liquefaction) with stable contracts. LNG MLPs like CQP finance big facilities this way and distribute cash from long-term customer agreements.

3. Joint Venture / Partnership Model with Strategic Investors

Delfin brought in infrastructure giants (GIP/BlackRock for capital, MOL for LNG shipping expertise, Vitol as trader/offtaker). This de-risks the project and brings expertise/funding.

MLP parallel:

Many MLPs form JVs or drop down assets from a sponsor (e.g., parent company contributes assets to the MLP for units/cash). Sponsors often retain GP control while outside investors provide equity. Energy Transfer and others frequently use dropdowns and JVs for LNG/pipeline expansions.

4. Tax/Financial Efficiency Goals

The JV allows tailored economics (different classes for different investor needs) while keeping export authorizations with DMI.

MLP parallel:

The main appeal is tax pass-through + high yields. MLPs are popular for LNG/midstream because they match predictable, depreciable assets that throw off cash.

5. Public Interest / Regulatory Angle

The filing emphasizes strengthening the project financially/technically for public interest (common in DOE approvals).

MLP parallel:

MLPs often highlight stable infrastructure benefits (energy security, jobs) when raising capital or seeking approvals.

Important Differences

Delfin is using a private LLC JV (FLNG 1 JVCO) for this phase, not a publicly traded MLP. TGLO (Delfin-controlled public shell) could potentially facilitate a future public listing or MLP-like vehicle, but it's not currently one.

MLPs are typically publicly traded with retail/institutional unitholders; Delfin’s current structure is private equity/institutional.

Traditional MLPs focus more on midstream (pipelines/terminals) than pure FLNG production, though LNG-related MLPs exist (e.g., Cheniere Partners, or shipping-focused ones like former GasLog/Teekay LNG Partners).

Bottom line:

Delfin’s approach mirrors MLP economics — layered ownership, project-specific financing, strategic partners, and focus on contracted cash flows from energy infrastructure — without using the formal MLP wrapper (yet). This is common in LNG projects aiming for stable, yield-oriented capital. If DMI pursues broader public markets via TGLO or otherwise, an MLP-style structure could be a natural fit for future phases or assets.

Excellent. Derisked. This just confirms the equity stakes other companies were taking in FLNG1.
Northpeak you had floated the possibility of Delfin organizing as a MLP. Do you think this filing is consistent with that?

Thanks NP22

Man, reading that made my head hurt. Thankfully, Groktard bailed me out...

What changed?

The first floating LNG ship is now owned by a new joint venture (partnership) with outside investors.

The main company that holds the U.S. government export permits (Delfin LNG) is still 100% owned by DMI — that didn’t change.

Because the ship is a key piece of the project, they’re notifying regulators (the Department of Energy) about the ownership shift anyway, just to follow the rules.

Who owns what in the new joint venture (FLNG 1 JVCO)?

It has two types of ownership units (Class A = 20%, Class B = 80%) with different rights:

DMI (the original developer) still owns a meaningful but minority piece — about 23.4% total.

Vitol (a huge global energy trading company and future LNG buyer): ~7.2%.

MOL/Pegasus (a major Japanese shipping/energy company): ~18.3%.

GIP (Global Infrastructure Partners, part of BlackRock): the biggest investor at roughly 51% (through a couple of related funds). Other big investors (Korean pension fund, Hanwha, etc.) participate through GIP’s structure.

Because GIP and MOL now own large enough stakes, this technically counts as a "change in control" under government rules, even though DMI is still involved and the export license holder hasn’t changed.

Why this is a good thing (according to the filing):

These are heavyweight, experienced companies bringing massive funding strength (especially GIP/BlackRock).

LNG trading expertise (Vitol).

Technical know-how with floating LNG ships and operations (MOL).

The project needed these partners to reach the $5 billion investment decision. They make the whole project stronger and more likely to succeed, not weaker.

What they’re asking from the government:

Approve the change quickly. It’s very common in LNG projects, and they believe it clearly serves the public interest. The Department of Energy has approved similar changes many times before.

Bottom line in plain English:

The original developer brought in big, reputable global investors to help finance and build America’s floating LNG export project. The core export permissions stay with the original U.S. company, but the actual ship is now co-owned by major financial and industry players. Everyone involved says this is positive for getting the project built successfully.

Could this strengthen the case for a future reverse merger with TGLO?

Yes, this development could meaningfully strengthen the case for a future reverse merger (or similar public transaction) involving TGLO.

Here's a straightforward explanation in layman's terms:

Quick background:

TGLO (theglobe.com, inc.) is a publicly traded OTC shell company (inactive operations) that is a subsidiary of Delfin Midstream Inc. (DMI).

DMI owns the vast majority of its shares (around 70-71%).

Shells like TGLO are often kept or used as "vehicles" for going public via reverse merger: the private operating company (or its assets/project) merges into the public shell, and the combined entity trades publicly under the shell's ticker. This is faster and cheaper than a traditional IPO in many cases.

How the recent FLNG 1 ownership/financing news helps:

The June 2026 $5 billion Final Investment Decision (FID), with strong new investors (led by GIP/BlackRock, plus MOL, Vitol, etc.), de-risks the project significantly:

Proven execution and momentum:

Reaching FID shows the project is real — construction is moving, contracts are signed, permits are in place, and first LNG is targeted for ~2030. This reduces the "early-stage development risk" that scares public investors.

Credible, deep-pocketed backers:

Involvement from BlackRock’s infrastructure arm, a major Japanese shipping/LNG player (MOL), and a top trader/offtaker (Vitol) adds serious validation. These names bring financial strength, technical expertise, and market credibility.

Stronger financial profile:

The mix of $1.41B equity + $3.55B project debt, plus long-term offtake deals, makes the story more investable for public markets. It demonstrates the project can attract sophisticated capital.

Value creation for DMI/TGLO:

The JV structure keeps key export authorizations with DMI while bringing in partners for the asset-heavy FLNGV. This could allow DMI to monetize or spin out value through a public vehicle like TGLO without fully diluting control early on.

Potential benefits for a reverse merger:

Better valuation and appeal:

A de-risked, FID-backed LNG project with top-tier partners is far more attractive to retail/institutional investors than a pre-FID development story. It could support a higher valuation for the public entity.

Easier regulatory/market acceptance:

The change-in-control notification (which the filing argues should be approved as pro-public-interest) further shows regulatory familiarity and stability.

Timing alignment:

With FID secured and construction underway, DMI could look toward a public listing path in the coming years (e.g., 2027+) as milestones are hit, using TGLO as the ready-made public platform.

Caveats:

No public confirmation of specific plans for TGLO as of now — this is speculative based on common practices for controlled shells.

Reverse mergers still require SEC filings, due diligence, shareholder approvals, and exchange rules (if uplisting). LNG projects also face commodity price, regulatory, and execution risks.

Market conditions (interest rates, energy sector sentiment, LNG demand) would matter.

Overall:

The FID and high-caliber JV are major positive catalysts. They make Delfin’s story more “real” and bankable, which would generally make a reverse merger or public transaction via TGLO more feasible, attractive to investors, and potentially value-accretive for DMI. This is a common path for energy infrastructure companies seeking public capital.

https://www.energy.gov/sites/default/files/2026-07/Delfin%20DOE%20filing%20re.%20FLNG%201%20JV%20ownership%20%28070126%20Final%29_Structure%20Chart.pdf

That was weeks ago and only 0.25 MTPA

Thanks Mr C. Does this count?

https://lngjournal.com/index.php/shipping-news-old/item/116723-centrica-backs-delfin-flng-2

August we get a nice market signal that this is being maintained post-FID and the intent is still likely there to merge.

Contracts between now and December-February will come quick and give this a boost.

There might be a sweet spot to use the shell prior to FID on #2 and after construction has started on #1, before the timeline shifts again to #3

BULLISH??? 🤣 At least that would be some form of excitement...kinda getting boring now after FID.

Please get this down to .10

They are waiting for the right math. In this case the math is calculus.

Hey, ho, let's go
Shoot 'em in the back now
What they want? I don't know
They're all revved up and ready to go
The Blitzkrieg Bop

Lets go.

I bought a few thousand. ...and I don't flip.

Bought 11K at 0.225. Plan to flip it at 2X

MM’s will have this back in the .30s or teens tomorrow. If it gets down to the low teens, I will absolutely buy 100k more shares!

Did anybody here buy anything today?

While I'm not certain, it seems odd to see this amount of buying on a day when the stock is down 25%. Typically, you'd think someone was just dumping, but that would render most of the transactions occurring on the bid which iHub registers as a "sell". A "buy" is a transaction that occurs on the "ask". This may have a been a "stop loss raid" my Market Makers or someone looking to get in with size with connections to MM's. 167,300 shares is only .13% of the "tradable float", which we know is significantly smaller than what it appears. Today was an interesting day. If this continues tomorrow my ears will be perked up.

Thank you

We don’t even need to hear directly that they use TGLO in the upcoming months. Just even articles that they “plan to go public” is the final piece of the puzzle!

Those outside of ihub can't connect the dots of a possible RM with Delfin cannot for sure connect the pic with Jason and Dudly. That pic is probably the only reason I had bought more of late.

Good amount of buying today

Near-Full NGPL Line Gets OK to Move More Texas Natural Gas to Henry Hub

The Federal Energy Regulatory Commission (FERC) cleared Natural Gas Pipeline Company of America (NGPL) to turn on the second phase of its Texas-Louisiana Expansion Project that would add much-needed eastbound capacity to a constrained East Texas-Louisiana link.

NGI Entropic Analytics chart compares Henry Hub natural gas prices with NGPL eastbound flows at Station 302 from May through June 2026.

NGPL adds 300,000 Dth/d in East Texas
Eastbound segment runs near full
LNG demand lifts Gulf Coast pull
In a Thursday (June 25) letter, the Commission authorized the Kinder Morgan subsidiary to place into service added compression and auxiliary equipment at Compressor Station (CS) 302 and CS 343 in Montgomery and Liberty counties, TX, respectively (Docket No. CP24-8-000).

The second phase of the Texas-Louisiana Expansion adds roughly 300,000 Dth/d capacity for natural gas moving west-to-east from CS 302 along the Louisiana Line, which is a pair of 30-inch diameter pipelines that run from Montgomery County to the system’s terminus in Vermilion Parish, LA.

FERC issued the certificate in November 2024. NGPL had targeted a July 1 start.

Flows Near Full

Scheduled natural gas flows on Segment 25 of the NGPL system, just east of CS 302 in Montgomery County, have filled 94–97% of the line for weeks and touched 99.9% of capacity in late May, according to NGI’s Entropic Analytics flow-forward data.

Map of NGPL's Texas Louisiana Expansion linking Texas natural gas supplies to Gulf Coast pipelines, storage hubs, LNG facilities and Henry Hub.

Operating capacity at the point was revised upward through the spring, from about 670,000 Dth/d in late April to 1,001,970 Dth/d by late June, roughly on the scale of the expansion. Nominations have risen alongside the capacity gains, keeping utilization pinned in the mid-90% range, still near 96% on Thursday.

“The point often runs at or near full capacity,” Aegis Hedging analysts said, adding that the new egress would pull gas away from East Texas and steer it toward Henry Hub and nearby export plants. Lines carrying gas east toward the coast have run effectively full as new export trains ramp, leaving little slack at the border to absorb additional supply from Texas.

The project is designed to carry growing TexOk (Haynesville Shale) and South Texas supply, including Permian Basin and Eagle Ford Shale volumes, to the Gulf Coast’s expanding liquefaction complex. NGPL connects directly to Sabine Pass and Golden Pass LNG and reaches Cameron, Lake Charles, Calcasieu Pass and Port Arthur through interconnects.

The startup lands as installed Gulf Coast LNG export capacity pushes to new highs, increasing demand for Texas and Louisiana natural gas.

NGPL lined up the capacity in a non-binding open season that bundled existing and expansion volumes for up to 540,000 Dth/d of firm transportation, including 467,000 Dth/d eastbound. It signed long-term precedent agreements with Devon Gas Services for 242,000 Dth/d, EDF Trading North America for 95,000 Dth/d and Golden Pass LNG for 50,000 Dth/d, taking up about 83% of project capacity.

A fourth shipper, Delfin Midstream, had committed to 80,000 Dth/d, but FERC’s certificate said Delfin informed NGPL it may be unable to execute a service agreement for the full amount. NGPL has since marketed that 80,000 Dth/d as interim project capacity through March 2030.

The added cross-border capacity comes as new pipeline egress out of the Permian is set to send a wave of natural gas supply toward East Texas and the Katy hub in the second half of the year and into 2027, including Energy Transfer’s Hugh Brinson Pipeline.

From there, projects including Kinder Morgan's Trident Pipeline, bound for the Port Arthur corridor, and the Blackfin Pipeline, routed toward Venture Global’s proposed CP2 LNG terminal in Louisiana, would carry that gas to coastal export plants as well as to industrial and power users. Arm Energy's Mustang Express is designed to run from the Tres Palacios Storage facility through Katy and onto Port Arthur.

NGI just posted an article with Delfin mentioned. Since my cash money is linked up to TGLO would any kind soul have access to the article? https://naturalgasintel.com/news/near-full-ngpl-line-gets-ok-to-move-more-texas-natural-gas-to-henry-hub/

The low volume selloffs tell me people are buying for R/M and when it doesn't happen they dump into the bid to get out quick. I've been anticipating this from the moment that Chapa guy said 6-8 months for FID #2. I'll be buying more.

“FID ANNOUNCED” 🚀



- 60% for the month. Worst stock performance in years for TGLO



You can’t make this s**t up 😂😂😂

I AM HAVING A " PIGGY " ROAST @ 2:00 ON THE 4th of JULY CHEER$$$$$$$$$$$$$$$$$

TRADING x10 SHORT TERM ^^^^^^ CHEER$$$$$$

Absolutely! And if they sell it, i'm guessing to a rare earth mineral company.

Another day waiting is another day this shell is not sold. Why continue to finance it all these years if you dont plan on using it. The answer is simple. The waiting is the hardest part.

Contracts alone are valued at $19B. Factor in the ship values, the novelty of being the first FLNG in America…$10B is exceptionally conservative for a market cap.

If all the stars align, easily $10b market cap at full production. At current OS, that’s around $22 SP 

Hi, new guy here, bought some TGLO a few years ago. What is the realistic upside value of this stock in say 5-7 years if things go right? I know, impossible to accurately answer, but just any thoughts if you have them.

TGLO CLEARANCE SALE! 4 OR A DOLLAR! 😁

Thanks for tipping me off on this. EOM

My order was to buy shares

at the BID. It did not get filled.

Thanks, Mates. If I were EF Hutton,

I'd be 122 years old ... and weathy. I am neither.

The Legacy: The company became a pop culture staple with its television commercials where a whisper about an E.F. Hutton stock tip would cause an entire room to fall dead silent.

Picture perfect scenario. Keeping fingers crossed.

Who remembers the old phrase: “When EF Hutton Talks, Everybody Listens”. I think that’s where we are with the Wall Street Big Boys…
things are going to hopefully move relatively quickly now because these guys love to make $$$$. Hopefully within 8-12 weeks or so, Delfin should have enough off-take SPAs for FLNG2 that they can obtain FID on FLNG2. Valuation at that time should be near an all time high and thus best time to RM allowing to take FLNG3 to the finish line. What you say….

Lol.  Agreed, Boston do your thing.  Happy to have you here!

Careful - big spender states there’s no connection between TGLO and Delfin and wants to stay weary of the investment 😂 just kidding boston - you do you, man lol 

We need to find somebody to do an article on Delfin that they have a Shell company TGLO

2 shares?!