|Bid||0.00 x 1800|
|Ask||0.00 x 1100|
|Day's Range||63.58 - 65.20|
|52 Week Range||43.83 - 71.03|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||86.40|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Natural gas, crude oil and refined products from the Eagle Ford Shale are finding their way to global markets.
* More than 0.3 billion cubic feet per day (bcfd) of natural gas started to flow to the plant late last week, according to data from Refinitiv. * Cove Point, which started exporting LNG in March, is designed to liquefy about 0.75 bcfd of gas. * One billion cubic feet of gas is enough to fuel about 5 million U.S. homes for a day.
Beijing slapped a 10 percent tariff on U.S. LNG, but with the winter coming up, the Chinese government could see itself prompted to buy more expensive spot cargoes
In the week ending October 5, the MLPs that fell the most were a diverse mix. Royalty interest owner Dorchester Minerals (DMLP), midstream MLP NGL Energy Partners (NGL), downstream player CVR Refining (CVRR), and frac sand company Hi-Crush Partners (HCLP) were among the top losses last week. Other MLPs that fell last week included Calumet Specialty Products Partners (CLMT) and Suburban Propane Partners (SPH).
Williams Companies (WMB) stock has a median analyst target price of $34.17 compared to its current market price of $27.62. The target price indicates a potential upside of more than 12% for the next 12 months. Of the 19 analysts surveyed by Reuters that track Williams Companies, seven recommended it as a “strong buy,” seven recommended it as a “buy,” five recommended it as a “hold,” and none of them recommended it as a “sell” as of October 8.
Williams Companies (WMB) stock has fallen almost 15% from its peak in August this year. It is currently trading at a forward EV-to-EBITDA valuation of 12.4x, considering its 2019 earnings. Enterprise Products Partners (EPD) and Kinder Morgan (KMI) are trading at forward EV-to-EBITDA multiples of 13x and 10.5x, respectively.
China's tariffs on U.S. liquefied natural gas are likely to raise costs for Chinese companies and boost revenues for sellers, including American LNG suppliers.
EIA expects exports of both pipeline and liquefied natural gas from the United States to continue to increase. Therefore, the time is ripe to focus on U.S. stocks, which should benefit from growing exports of natural gas
Unlike solid forms of energy coaxed from the earth -- such as crude oil and coal -- the odorless vapor known as natural gas is positively invisible. This liquified natural gas, or LNG, requires substantial investment in plants, port infrastructure and in shipping, which has brought pricing into sharp focus over the past few years as demand surges for the fuel. Some industry players believe the answer to this mystery lies deep in the Bayou -- near a staggering assemblage of pipelines known as Henry Hub, named for its location in the Henry Hamlet of Erath, Louisiana.
Canada is encountering pricing problems for crude exports into the U.S. The Western Canadian Select (WCS) benchmark trades at almost a $40 a barrel discount versus West Texas Intermediate (WTI) due to pipeline capacity constraints. was given a green light to invest in LNG Canada earlier this week. Shell has made a final investment decision on LNG Canada , a major LNG project in Kitimat, British Columbia in which Shell has a 40% working interest.
With its recent strength, Energy Transfer Equity (ETE) has broken above its 50-day moving average, its near-term resistance. It’s currently trading at $18.09, ~1% and 7% above its 50-day and 200-day moving averages, respectively.
Cheniere Energy (LNG), Teekay LNG Partners (TGP), and Golar LNG Partners (GMLP) were among the top gainers in the MLP and midstream sector last week. Cheniere Energy rose 3.7% while TGP and GMLP rose 10.6% and 5.2%, respectively, in the last week. Other top gainers included Dorchester Minerals (DMLP), CVR Refining (CVRR), and American Midstream Partners (AMID), which rose 7.1%, 6.2%, and 5.0%, respectively.
With LNG cargoes becoming more and more frequent, a trading market for this commodity could make U.S. LNG incredibly competitive.
Cheniere Energy (LNG) stock has significantly outperformed its peers in 2018. The stock has risen more than 26%, while the MLP and Energy Infrastructure ETF (MLPX) has fallen more than 5% year-to-date. The above chart shows the normalized stock price movement of Cheniere Energy and MLPX along with broader markets.
Cheniere Energy (LNG) stock continues to look strong. The premium to both of the support levels indicates strength. Cheniere Energy stock seems to be on the verge of the “overbought” zone. The company’s RSI (relative strength index) stands at 70.
Cheniere Energy (LNG), a leading liquified natural gas exporter, stock hit a new 52-week high of $70.21 after Morgan Stanley upgraded it from “equal-weight” to “overweight” on September 26. Morgan Stanley analyst Fotis Giannakoulis thinks that rising global demand for liquefied natural gas and lower natural gas prices due to structural oversupply could improve Cheniere Energy’s export economics. Morgan Stanley also raised Cheniere Energy’s target price from $63.0 to $80.0.
Shares of Cheniere Energy Inc. rallied 1% toward a three-year high in morning trade Wednesday, after Morgan Stanley turned bullish on the liquefied natural gas (LNG) company, citing improving "export economics." Analyst Fotis Giannakoulis raised his rating to overweight after being at equal weight for the past 15 months. He boosted his stock price target to $80, which is 16% above current prices, from $63. "With Chinese tariffs raising the barriers to entry for new players, Cheniere can take advantage of its leading position and keep growing in small increments," Giannakoulis wrote in a note to clients. He said the company is benefiting from a rapid increase in global LNG demand, lower feedgas prices and the lack of liquefaction capacity growth. The stock, on track to close at the highest level since August 2015, has run up 29% year to date, while the SPDR Energy Select Sector ETF has gained 5.8% and the Dow Jones Industrial Average has tacked on 7.4%.
With oil prices approaching multiyear highs, one Morgan Stanley analyst upgraded Cheniere Energy, Inc. (NYSE: LNG ) Wednesday. The Analyst Analyst Fotis Giannakoulis upgraded Cheniere Energy from Equal-weight ...
* Dominion made the announcement in part because it flared some gas at the plant as part of the normal process of depressurizing equipment, which temporarily caused a strong, harmless odor usually associated with natural gas that has been odorized to aid in leak detection and repair. * Dominion spent about $4 billion to add the LNG export terminal to an existing LNG import terminal. It was the second of two big LNG export terminal to enter service in the Lower 48 U.S. states after Cheniere Energy Inc's Sabine Pass terminal in Louisiana.
Royalty interest owner partnership Viper Energy Partners (VNOM) and Enbridge Energy Management (EEQ) were among the top gainers in the MLP and midstream space last week, rising 7.9% and 7.8%, respectively. Viper Energy Partners has risen 77% so far in 2018. Enbridge Energy Partners (EEP) rose 2.4% for the week. Both Enbridge Energy Management and Enbridge Energy Partners were boosted by the acquisition agreement with Enbridge (ENB) that we discussed in the last part of this series.
LNG exporter Cheniere Energy thinks that import tariffs on U.S. cargoes of LNG to China won't significantly impact the business long term.
On the back of Bruce Kamish's bearish technical note late August, we think that TELL could trade down on geopolitical risk and the absence of near-term catalysts. While Tellurian's business plan has a diversified three-prong approach (upstream, midstream and liquefaction) and a world-class management team lead by its founders, LNG veteran Charif Souiki and Martin Houston, we think that this ambitious strategy is still in its early innings and today is more of a "show me" story.
The global gas industry, boosted by a host of new projects to feed booming demand, is in better shape than at any point in the last five years but analysts warn it is getting ahead of itself, pointing to the rise of renewable energy as a threat. Commodity merchant Vitol expects trade in liquefied natural gas (LNG) to double to 600 million tonnes annually (mtpa) in the coming years, reflecting forecasts by Russian LNG producer Novatek (NVTK.MM) which sees 700 mtpa by 2030. "The industry is confident," said Christian Brown, president for the oil and gas sector at Canadian-listed SNC Lavalin (SNC.TO), an industrial project management company.