|Bid||62.33 x 1300|
|Ask||62.37 x 2200|
|Day's Range||61.94 - 63.03|
|52 Week Range||55.09 - 70.60|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||100.10|
|Earnings Date||Nov 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.06|
Freshford Capital Management is a New York based hedge fund, launched in 2008 by Michael Doheny, the fund’s principal owner and President. Mr. Doheny holds B.S. in Accounting and Economics from Boston College, and prior to funding Freshford Capital Management he gained experience working at Kensico Capital for eight years. Freshford Capital management employs a […]
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]
In this article we are going to estimate the intrinsic value of Cheniere Energy, Inc. (NYSEMKT:LNG) by projecting its...
Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to third quarter 2019 financial results on Friday, November 1, 2019 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss third quarter results. Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas.
Rating Action: Moody's upgrades Cheniere Corpus Christi Holdings, LLC to Ba1; outlook is positive. Global Credit Research- 03 Oct 2019. Approximately $4.3 billion of Debt Securities Affected.
(Bloomberg) -- Energy trader Gunvor Group Ltd. is on track to exceed last year’s delivery volumes for liquefied natural gas and is already leading rivals in short-term ship charters for the super-chilled fuel.Gunvor has conducted at least 35 charters to carry LNG so far this year, according to research by Fearnleys, which looked at fixtures of less than three years. That’s more than all competitors including major LNG players Qatargas, Cheniere Energy Inc. and Royal Dutch Shell Plc, as well as trading houses Vitol Group and Trafigura Group Ltd.“We have actually, so far, exceeded the number that Fearnleys has in the report,” said Seth Pietras, a Gunvor spokesman in Geneva, without being more specific.While most LNG is still traded under long-term contracts, the share of so-called spot deals, or those less than 90 days, and short-term transactions is rising with the expansion of flexible supply from the U.S. and as buyers seek shorter, less rigid deals.Gunvor is also set to exceed last year’s record deliveries. In 2018, it boosted its LNG volume by 60% to about 11 million metric tons, topping larger rivals Vitol and Trafigura.“We’re on track to significantly increase that volume this year,” Pietras said.The biggest energy trading houses have been rapidly expanding their LNG operations in the past five years, chartering vessels, investing in regasification infrastructure and signing long-term supply contracts with end users that can last for more than a decade.GasLog Ltd., which signed two vessel charters with Gunvor, said the trader’s growth has come despite market headwinds. It can also be attributed to Gunvor’s “ability to structure cargo opportunities where others cannot,” a spokesman for the shipowner said.Traders around the world have this year been hit by declining LNG prices and a narrowing price differential between Pacific and Atlantic regions, a key way for them to make money.Gunvor concluded 25 spot to multi-voyage fixtures in 2018. It currently has 12 vessels that keep natural gas cooled to about minus 160 degrees Celsius (minus 256 Fahrenheit) under its control, Pietras said.The Fearnleys report shows that the vast majority of the Gunvor LNG charters this year have been spot fixtures.Pietras said that while more than 60% of Gunvor’s LNG volumes delivered in 2018 were under mid- to long-term contracts, that percentage will also increase as the trading house expands the number of LNG vessels it has under long-term charter.Gunvor earlier this year named Singapore-based Kalpesh Patel and Ksenia Alleyne in Geneva as global co-heads of LNG.(A previous version of this story corrected the year in the 10th paragraph.) (Updates with comment from GasLog in eighth paragraph.)To contact the reporters on this story: Andy Hoffman in Geneva at email@example.com;Anna Shiryaevskaya in London at firstname.lastname@example.orgTo contact the editors responsible for this story: James Herron at email@example.com, Andrew Reierson, Rob VerdonckFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bangladesh has shortlisted 17 companies for its spot tender process as it plans to buy around 1 million tonnes of liquefied natural gas (LNG) next year to capitalise on lower prices for the super-chilled fuel, two company officials said. Petrobangla, in charge of LNG imports into the South Asian country, plans to sign sales and purchase agreements with the shortlisted companies after it receives cabinet approval, the officials with direct knowledge of the matter said. “We are moving ahead with plans to import LNG through the spot market by shortlisting 17 companies out of a total of 43,” one of the Petrobangla officials said.
Natural gas company Tellurian (TELL) signed an MOU with India's Petronet to sell 18% stake in its proposed Driftwood LNG terminal and export 5 million tons of LNG a year from it for 40 years.
Per the latest deal, energy giant BP can supply LNG either from the Freeport LNG terminal located in Texas or Calcasieu Pass terminal in Louisiana.
(Bloomberg) -- India’s Petronet LNG Ltd. signed a $7.5 billion agreement to buy into Tellurian Inc.s proposed liquefied natural gas terminal in Louisiana in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood LNG terminal -- the largest outside holding so far in the project -- and negotiate the purchase of 5 million tons of gas per year. The remaining $5 billion of the total will come from a debt commitment, according to Tellurian Chief Executive Officer Meg Gentle.The memorandum of understanding was announced Saturday. The companies plan to complete the accord by March 31, by which time Tellurian hopes to have signed up partners to enable it to proceed with the project.“We will sign the document sometime in the first quarter and we will have financing ready to close simultaneously, and then we will begin construction,” Gentle said in a telephone interview. “India is one of the fastest growth markets for LNG and should soon become the second-largest LNG importer.”The deal, signed in Houston in the presence of Indian Prime Minister Narendra Modi, underscores a record year for the LNG industry, with tens of billions of dollars worth of export projects given the green light. The surge of new supply from America’s trove of shale gas has rendered the once-premium fuel accessible for emerging markets such as India, currently the sixth-largest buyer of U.S. LNG.“People should not be surprised this came,” said Tellurian co-founder Charif Souki, who also started America’s largest LNG exporter Cheniere Energy Inc. “The United States and India have a significant issue diametrically opposed. We have too much gas that we don’t know what to do with and India needs greater gas, and 1 million tons a time is not going to solve the problem.”The Petronet deal, the largest by an Indian company in U.S. LNG, comes days after the gas industry’s all-important Gastech conference and coincided with Modi’s visit to Texas. The prime minister appeared at Houston’s NRG Stadium with President Trump on Sunday to address a crowd of more than 50,000 Indian Americans.“This deal will further help diversify India’s energy supplies,” said Lydia Powell, who runs the Centre for Resources Management at the New Delhi-based Observer Research Foundation think tank. “The U.S. wants to displace Middle East supplies and India is a large market.”Petronet’s investment is vying to be the largest by a foreign entity with one that Sempra Energy expects to finalize in Texas with Saudi Aramco.Tellurian expects to finalize the last 4 million tons needed for Driftwood’s first phase with one or two partners in the coming months, Gentle said. Petronet’s share represents about $2 billion in annual fuel sales for the life of Driftwood, she said. Tellurian dropped 0.8% to $8.61 at 10:08 a.m. in New“It supports the drilling industry and the pipeline industry, and there is going to be an enormous amount of resources,” Souki said.(Updates share price in penultimate paragraph.)\--With assistance from Kevin Varley, Rahul Satija and Debjit Chakraborty.To contact the reporter on this story: Naureen S. Malik in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Simon Casey at email@example.com, James LuddenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At least five laden liquefied natural gas (LNG) tankers changed course from Europe to Asia and a rising number of other tankers were being used as floating storage following a spike in Asian LNG prices in the past week, trade sources said. While there may be specific reasons for the re-routing of individual cargoes, the diversion of so many tankers at the same time indicated a long market, meaning sellers were holding positions in the expectation of higher prices, the sources said. Spot Asian LNG prices jumped last week after a rise in European gas prices and extended gains this week following on from the oil price spike due to the attacks on Saudi Arabia's oil facilities.
The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Energy Partners said on Wednesday. Blackstone CEO David Foley said at the Gastech Energy Conference in Houston that only one or two new startup projects may reach a final investment decision (FID) in the next wave of U.S. LNG export projects. “In terms of liquefaction capacity that gets FID from the U.S., the hit rate will be a lot higher on projects either sponsored by major oil companies or expansions of existing facilities,” Foley said.
After an attack on Sept. 14, Saudi Arabia has lost about 5.7 million barrels per day of oil production capacity. Early commentary and media speculation suggest that this is possible, but satellite imagery reveals extensive damage and it is not unrealistic to expect full repairs to drag on for months.
U.S. liquefied natural gas (LNG) producer Cheniere Energy has signed long-term gas supply deals with shale producer EOG Resources, with some of the gas tied to Asian spot LNG prices in the second instance of such a link. Cheniere typically buys natural gas using a price mechanism linked to a U.S. gas benchmark, but in a June deal with Apache Corp, it signed its first supply agreement tied to spot LNG prices.
Cheniere Energy, Inc. announced today that its subsidiaries, Corpus Christi Liquefaction, LLC and Cheniere Corpus Christi Liquefaction Stage III, LLC, have entered into long-term gas supply agreements with EOG Resources, Inc.
Cameron LNG, a liquefied natural gas (LNG) facility in Louisiana operated be Sempra Energy has declared force majeure due to technical problems at the export terminal but the impact on volumes was not immediately clear, LNG traders said on Friday. The export terminal is one of three new facilities to have come onstream this year, boosting U.S. LNG production and prompting a wave of imports into Europe which has depressed gas prices there. On Friday, traders said they were notified by Cameron LNG of the force majeure.