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Updated almost 6 years ago,
Beaumont Port Arthur SETX
Hi everyone,
Since Hurricane Harvey I have been following the SETX Golden Triangle region, specifically the Beaumont-Port Arthur MSA. History suggests that this area is basically a warzone and that investors should stay away, but recently I have been seeing a number of articles announcing big expansions/construction in the area.I know that most of these projects will be dependent on the market for oil/gas/petrochemicals but currently and at least for the forseeable future the energy market as a whole (besides coal) looks strong. What do you guys think of investing in the area? There should be an influx of construction workers for a number of years.
Examples:
Port Arthur LNG ($8-9 billion investment)-https://www.panews.com/2018/04/02/port-arthur-lng-...
Golden Pass LNG ($10 billion investment)-https://www.houstonchronicle.com/business/article/...
Exxon Refinery Expansion ($5 billion investment)-https://www.reuters.com/article/us-exxon-mobil-ref...
Motiva Saudi Aramco Petrochemical/Refinery Expansion ($8-15 Billion investment)-https://www.panews.com/2018/04/07/mous-signal-expa...
Sabine Neches dredging project ($1 billion)-https://www.beaumontenterprise.com/news/government...