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Stock impact report

New Fortress Energy: Restructuring Leaves Limited Option Value For Common Shares [Seeking Alpha]

New Fortress Energy Inc. - Class A (NFE) 
Last new fortress energy inc. - class a earnings: 3/4 12:02 am Check Earnings Report
Company Research Source: Seeking Alpha
As part of the agreement, senior bondholders will take ownership of the company's Brazil assets, which will be spun off into an independent, privately owned company. In total, NFE will exchange more than 90% of current debt obligations for a combination of assets, new preferred stock, and additional common equity. Perhaps most disappointingly, the restructured company will be spearheaded by the very same leadership that has created the current mess. The current trading price appears disconnected from the indicated recovery for the new preferred shares. I am reiterating my "Sell" rating on NFE common shares. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Zigmunds Dizgalvis/iStock Editorial via Getty Images Note: I have covered New Fortress Energy Inc. or "NFE" ( NFE ), previously, so investors should view this as an update to my earlier articles on the company. On Wednesd Show less Read more
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