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Cheniere Energy, Inc. Message Board

  • hlchlc1234 hlchlc1234 Jan 13, 2013 9:38 AM Flag

    Insiders sell

    Anyone notice in today's Barrons that in the latest report 8 insiders have sold some $6 million worth of shares?

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    • Published on Wednesday, 09 January 2013 06:30

      The Department of Energy has authorized Main Pass Energy Hub to export LNG from a proposed floating terminal in the Gulf of Mexico. Main Pass Energy Hub is owned by Freeport McMoRan Energy and United LNG.

      Main Pass Energy Hub was approved for a long-term multi-contract authorization to export domestically produced LNG up to the equivalent of 3.22 Bcf/d to Free Trade Agreement countries. Authorization is for a 30-year period commencing on the earlier of the date of first export or eight years from the date the authorization is issued. Main Pass proposes to export LNG from a proposed deepwater LNG terminal site 16 miles offshore from the southeast Louisiana coast to any country that has, or in the future will have, the capacity to import LNG via ocean-going carrier, with which the United States has, or in the future enters into, an FTA requiring national treatment for trade in natural gas.
      Am I mistaken, but is that 1Bcf/day more than Cheniere is approved for currently?

    • But they probably hold at least $100 million worth of shares combined. Maybe as much as $150 million worth. So what is the big deal about a measly $6 million worth?

    • Is froglegs a insider? That came out right after old froggy said he sold.

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