Winter is coming… and I think this one is NEXT, positions last pic
I know this position is risky, I might roll but this is why I’m here:
The idea is simple: insiders are loading up right as the company locks in real LNG growth and heads into winter. In the last week directors filed multiple open-market buys: William Vrattos purchased 100,000 shares at a weighted average $6.864, Edward Andrew Scoggins Jr. bought 15,000 shares around $6.46, and a separate Form 4 shows director Jason Dillow’s purchase disclosed on Sept 18–19. These are actual “P” code buys, not grants, and total seven figures of fresh skin in the game.
Why now matters. On Sept 9 NextDecade reached positive FID and financial close on Rio Grande LNG Train 4, and management guided that Train 5’s FID is expected before Nov 15 after recently signing a 1.5 MTPA, 20 year SPA with EQT for Train 5 volumes. Winter gas demand historically tightens the LNG tape, and sector prints like Sempra’s Port Arthur Phase 2 FID this week underscore that U.S. LNG build-out is still accelerating into year end.
The setup is that real project de-risking plus visible commercial deals plus unusually large insider buying can force a rerate from distressed expectations. With shares around the mid-$7s today, the near-term upside case is straightforward: Train 5 financing headlines or additional SPAs into winter could be the next leg while insider conviction anchors the floor. Size it like a volatile mid-cap LNG developer and respect headline risk, but the combination of fresh director money, new FIDs, and contracted volumes is exactly the kind of catalyst stack that can keep propelling this higher.