67.27 0.00 (0.00%)
After hours: 4:59PM EDT
|Bid||0.00 x 1300|
|Ask||0.00 x 1200|
|Day's Range||66.70 - 68.38|
|52 Week Range||51.89 - 71.03|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||35.41|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.38|
CNBC's Brian Sullivan reports from CERAWeek on his discussions with Cheniere CEO Jack Fusco about ongoing Chinese trade tensions.
Shares of Cheniere Energy Partners LP (NYSE: CQP ) are already “priced to perfection,” and there are no visible catalysts to justify the stock trading at a premium to peers, according to BMO Capital Markets. ...
Traders might be late to the party, but a pullback from recent highs could offer a secondary entry point in the LNG name.
Asian spot prices for liquefied natural gas (LNG) this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand, trade sources said. Spot prices for April delivery to Northeast Asia (LNG-AS) dropped to $5.45 per million British thermal units (mmBtu) this week, down 25 cents from the previous week.
A raft of U.S. natural gas projects coming online in the next few years are likely to boost the global fleet of seagoing LNG tankers by as much as a third, as shipping operators jarred by sharp swings in oil markets pounce on a big new stream of business. At about $175 million each, vessels outfitted for liquefied natural gas can cost several times more than other ship types. Demand has grown sharply in Asia, in particular, while output has soared in the U.S. as improved hydraulic fracturing technology has made drilling for both shale oil and gas more cost effective.
Kinder Morgan's (KMI) strong presence in shale plays and lucrative projects currently underway are indicative of potential upside from its current levels.
Cheniere (LNG) looks well positioned to maintain its revenue growth trajectory over the coming years, on the back of solid operations and long-term contracts.
Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool. The only vessel to head to China from the United States this year was the Adam LNG, which left Cheniere Energy Inc's Sabine Pass export terminal in Louisiana on Jan. 30, according to the shipping data. The data shows a handful of LNG vessels from the United States in the Pacific Ocean, some of which could end up in China.
Rapidly expanding exports of U.S. fossil fuels, including liquefied natural gas (LNG), serve as leverage in trade negotiations with China, Energy Secretary Rick Perry said on Monday. When asked if U.S. energy was a lever in the talks, Perry said, "Yeah, sure it is." In addition, Perry said Washington can also use advanced U.S. technology on renewable energy and small modular nuclear reactors as leverage around the globe.
Taiwan's state energy firm CPC could start building its third liquefied natural gas (LNG) import terminal by the middle of this year once it obtains all the required permits, a senior company official said on Tuesday. The proposed terminal, at Taoyuan, northwestern Taiwan, could start operations in early 2023 with an initial capacity of 1 million tonnes per year (tpy), Jane Liao, chief executive of CPC's LNG business said on the sidelines of the CERAWeek conference in Houston. Taiwan is the world's fifth largest LNG importer with an import volume of 16.8 million tpy in 2018.
Increased sales of U.S. energy are a significant part of trade negotiations between the U.S. and China. The growth in U.S. exports and rising U.S. clout in the global energy market was a topic of discussions in many of the meeting rooms at the IHS Markit annual CERAWeek conference in Houston. Trade experts see Europe as the next front in the Trump administration's efforts to make trade more fair for American companies.
China's demand for natural gas leaves room for greater cooperation with the United States once a trade dispute is resolved, a China National Petroleum Corp Ltd executive said on Monday, citing ongoing talks on liquefied natural gas. China cut its U.S. LNG purchases last year after a trade dispute flared, causing the Trump administration to levy tariffs on Chinese goods and China to counter with a 10 percent tariff on imports of U.S. LNG.
Midstream Stocks Outperformed Broader Markets Last Week(Continued from Prior Part)Top gains Cheniere Energy (LNG) rose 3.6% last week on news of a possible deal to supply liquefied natural gas to China Petroleum & Chemical or Sinopec. Learn about
Rapidly expanding exports of U.S. fossil fuels, including liquefied natural gas (LNG), serve as leverage in trade negotiations with China, Energy Secretary Rick Perry said on Monday. When asked if U.S. energy was a lever in the talks, Perry said, "Yeah, sure it is." U.S. technology on renewable energy and small modular nuclear reactors is also part of what Washington can use as leverage, he said. The United States is the world's fastest-growing exporter of LNG and China is the fastest-growing importer of the fuel.
Cheniere Energy thinks it can double the size of its company through liquified natural gas exports to China. It already has sent over 60 tankers with LNG to China from its Sabine Pass terminal, the first LNG export terminal in the lower 48 states of the US. Cheniere CEO Jack Fusco says current trade tensions between the U.S. and China need to be resolved.
Kinder Morgan (KMI), through the natural gas pipeline system, expects to provide Cheniere's second export project on the Gulf Coast.
Further, these stocks have either a moderate-to-high financial strength rating from GuruFocus or an Ebitda margin topping the industry median. Houston, Texas-based oil & gas midstream company Plains All American Pipeline LP (PAA) has climbed 0.4% over the last week, 3.5% over the past month, 18.3% so far this year, 5.5% over the last 52 weeks and 3.7% over the past three years through March 8. Warning! GuruFocus has detected 2 Warning Sign with PAA.
Midstream Sector Indicators: Analyzing Key Trends(Continued from Prior Part)Natural gas pricesThe EIA (U.S. Energy Information Administration) expects US natural gas prices to average $2.89 per MMBtu (million British thermal units) in 2019. For
Plans to construct a U.S. floating liquefied natural gas (FLNG) vessel in China, which may also provide funding and buy part of its output, are moving ahead despite trade tension between the countries, an executive at one of the partners said on Thursday. The Delfin LNG project will be the first of its kind for the United States, which has only onshore liquefaction facilities, and will produce up to 13 million metric tonnes per annum (mtpa) of LNG for export. Delfin could export to China, the world's second-largest LNG buyer, but a 10 percent tariff on U.S. LNG as part of the trade conflict begun by U.S. President Donald Trump last year has served to restrict imports.
Recent reports suggest that a trade deal between the U.S. and China is advancing, and that could be great news for U.S. LNG exporters such as Cheniere Energy
ExxonMobil (XOM) made a big natural gas discovery off the coast of Cyprus, while BP plc (BP) announced first gas production from the Angelin development offshore Trinidad.
China Petroleum and Chemical Corp plans to sign a 20-year liquefied natural gas (LNG) supply agreement with Cheniere Energy once China and the United States end their trade dispute, two sources with knowledge of the matter said on Wednesday. Cheniere and China Petroleum and Chemical, known as Sinopec, reached a consensus in late-2018 on commercial terms after months of negotiations, but the signing of the deal was held back by the ongoing trade friction between the world's top two economies, one of the sources, who has direct knowledge of the matter, told Reuters. A resolution is widely expected to include stepped-up Chinese purchase of U.S. goods.