ete also dropped 20 percent the day the CFO got fired, so if merger is re-announced, i would expect amptjer 15 tp 20 percent pop in ete.
I thought this would be all over news, and it is not. I know that they are currently making the LNG for shipment right now. I cant think this will help the NG pipelines (KMI) and companies that drill the NG (CHK and SWN), but uncertain if will help this company. I would think it will be all over the news the day the first ship leaves the port for shipment.
that is what a lot of analysis think. IDK,
I am thinking swn has a better low cost structured company than CHK. Meaning they will whether the low cost NG better, but if NG recovers CHK will do better.
Although the CHK has fared a lot better performance in the last month or so, which would make my theory is #$%$!
now in single digit weeks away from LNG exports. I am surprised CNBC is not talking about this. Sure NT is at all time lows, but this seems to be baked into price now, and nothing but increased demand coming down pipe.
Considering it didn't participate at all in last weeks rally and the big drop on Friday and Monday, there is probably another 15 to 20 percent upside in catching up with its peers. CHK is still up over 10 percent in the last month over swn.
But today was nice.
My take. LNG exports are just a few weeks away from starting. Even though the LNG looks bleak and probably is, as much money that has been put into the 4 US projects starting up, there is no turning back on LNG being exported. LNG may not be good for Cheiner, but it is going to start making the Natural Gas supply start going down.
In the short term, LNG probably have no impact on supply, but in the long term it definately will. In the short term with all the news coverage, i but the sentiment on Natural Gas companies will change.
chk, rrc and eog are gas plays and they rallied nicely this week. Hard to understand what is going on. Today it is even leading the retreat downward more than its peers.