|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||64.96 - 65.96|
|52 Week Range||55.09 - 71.03|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||65.21|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.31|
Asian spot prices for liquefied natural gas (LNG) edged higher this week, tracking higher oil prices and as production curbs in Australia boosted demand, industry sources said. Spot prices for July delivery to Northeast Asia are estimated to be $4.30 to $4.40 per million British thermal units (mmBtu), up from $4.25 last week, the sources said. Spot trading for the super-chilled fuel was volatile this week with prices moving quickly from opening to closing of the market within a day, a Singapore-based industry source said.
Increasing competition is already reducing the European Union’s dependence on Russian exports, and U.S. LNG is an increasingly important factor in determining prices. Asked during an appearance with Polish President Andrzej Duda whether he would use sanctions to block Nord Stream 2, the U.S. president said he was “looking at it” and “thinking about it” because “we’re protecting Germany from Russia.
The big news for ocean shipping freight rates this week is demand out of the oil-producing nations of West Africa, which is pushing up rates for the second-largest category of crude oil tanker. The container sector has rebounded from May's travails, at least somewhat, while rates for liquefied natural gas (LNG) carriers have stumbled to a halt after their earlier rebound. In the long-haul global crude trade, there are two main ‘workhorse' vessel categories: very large crude carriers (VLCCs), which each carry around two million barrels of crude oil, and Suezmaxes, which each carry around one million barrels.
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its Board of Directors (“Board”) has appointed Michele A. Evans to serve as a member of the Board, effective June 7, 2019. Ms. Evans is considered an independent director and has been appointed to the Audit and the Governance and Nominating Committees. Ms. Evans is Executive Vice President of Lockheed Martin Aeronautics, the largest business area of Lockheed Martin Corporation (“Lockheed Martin”) (LMT), with a workforce of approximately 25,000 people and revenue of over $20 billion in 2018.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Cheniere Energy (LNG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Cheniere Energy's authorization of a stock buyback program of $1 billion over the next three years boosts investors' confidence on the stock.
LONDON/NEW YORK, June 3 (Reuters) - Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature LNG pricing mechanism in future offtake agreements with LNG buyers by decoupling from the Henry Hub price used for U.S. gas. "Producers want this because it will give them better realizations than what they will see in the North American market," Anatol Feygin, executive vice president and chief commercial officer at Cheniere, told reporters after an investor meeting in New York.
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana. Cheniere also said it expects to make a positive final investment decision as early as 2020 to add additional capacity in a third stage at its Corpus Christi LNG export terminal in Texas. Natural gas use is growing rapidly around the world as countries, like China, seek to wean their industrial and power sectors off dirtier coal.
U.S. liquefied natural gas exporter Cheniere Energy Inc on Monday raised its annual production rate forecast to 4.7–5.0 million tonnes per train. It had earlier forecast annual production rate of 4.4–4.9 ...
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC (“Corpus Christi Stage III”), has entered into a long-term gas supply agreement (“GSA”) with Apache Corporation (“Apache”) (NYSE, Nasdaq: APA). Under the GSA, Apache has agreed to sell 140,000 MMBtu per day of natural gas to Corpus Christi Stage III for a term of approximately 15 years. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (“mtpa”), will be marketed by Cheniere.
Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that its Board of Directors has approved a comprehensive capital allocation framework for the Company that prioritizes reinvestment of cash flows to grow Cheniere’s world-class LNG platform, achievement of improved credit metrics for the Company’s liquefaction project entities and on a consolidated basis, and return of excess capital to shareholders through a framework that provides the Company flexibility to adapt to changes in growth opportunities and market conditions.
Argentine oil company YPF SA said on Sunday that it began loading the first shipment of liquefied natural gas (LNG) for export from Argentina. The shipment includes 30,000 cubic metres of LNG from the Vaca Muerta shale play, YPF said in a statement. "This is the first step of a process that YPF is leading to export and expand gas markets to the world," Marcos Browne, executive vice president of gas and electric power for YPF, said in the statement.
Bulgaria has agreed to buy U.S. natural gas for the first time, signing a deal for a delivery in the second quarter and another in the third, the Bulgarian energy minister said on Friday. Dutch-registered trader Kolmar NL will deliver a 90 million cubic metre (mcm) cargo of liquefied natural gas (LNG) and a second of 50 mcm. "The ship carrying LNG from the United States has arrived at the Greek Revithoussa LNG terminal," Energy Minister Temenuzhka Petkova said.
Bulgaria has agreed to buy U.S. natural gas for the first time, signing a deal for a delivery in the second quarter and another in the third, the country's energy minister said on Friday. Dutch-registered trader Kolmar NL will deliver a 90 million cubic metre (mcm) cargo of liquefied natural gas (LNG) and a second of 50 mcm. "The ship carrying LNG from the United States has arrived at the Greek Revithoussa LNG terminal," Energy Minister Temenuzhka Petkova said.
The LNG Industry has been growing at a remarkable rate in the U.S. due to its role in the global energy transition, but this “freedom gas” may be less clean than we thought
Ocean cargo freight rates and shipping charter rates have generally risen over the past week, albeit not dramatically. Market conditions for shipping remain relatively unappetizing, while transport costs for cargo shippers remain affordable. Of the rate segments that are still declining, trans-Pacific container shipping costs stand out as the one to watch.
The country’s growing muscle as a natural gas exporter isn’t only seen by the Trump administration as an economic boon at home -- it’s also viewed as a foreign policy tool. “Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy," U.S. Under Secretary of Energy Mark W. Menezes said in a statement.
Our latest focus stock is FirstEnergy Corp. (FE) which carries CFRA Research's highest investment recommendation of 5-STARS, or Strong Buy, explains equity analyst Christopher Muir in CFRA Research's The Outlook.
Moody's Investors Service ("Moody's") assigned first time ratings to Blackstone CQP Holdco LP (Blackstone CQP) including a B1 Corporate Family Rating (CFR), a B1-PD Probability of Default Rating (PDR) and a B1 rating to its proposed offering of a $2.5 billion senior secured first lien term loan facility. Blackstone CQP owns a 40% interest in CQP.
The Zacks Analyst Blog Highlights: Equinor, Schlumberger, Royal Dutch Shell, Cheniere Energy and Exxon Mobil
Norway's Equinor (EQNR) acquired an additional 22.45% stake in GoM's Caesar Tonga oilfield, while energy services behemoth Schlumberger (SLB) sold several drilling assets for $400 million.
Exporting natural gas by setting up large liquefication plants is a very capital-intensive undertaking, with each unit running up multi-billion-dollar bills.
If China follows through on its retaliatory threat of raising U.S. liquefied natural gas (LNG) tariffs from 10 to 25 percent, U.S. exports will be hit hard — but another country is waiting to gain from it