LNG - Cheniere Energy, Inc.
| Previous Close | 59.34 |
| Open | 59.49 |
| Bid | 60.39 x 1000 |
| Ask | 60.43 x 800 |
| Day's Range | 59.16 - 60.59 |
| 52 Week Range | 55.09 - 70.60 |
| Volume | 1308839 |
| Avg. Volume | 1,611,119 |
| Market Cap | 15B |
| Beta (3Y Monthly) | 1.16 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.87 |
| Earnings Date | Feb 24, 2020 - Feb 28, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 81.48 |
- Reuters
Asian LNG prices drop for second straight week on mild winter
Asian spot prices for liquefied natural gas (LNG) dropped for a second consecutive week as supply flooded the market, overshadowing demand subdued by a winter that has been milder than average. The average LNG price for January delivery into northeast Asia is estimated to be about $5.50 per million British thermal units (mmBtu), down 10 cents from the previous week, several industry sources said. Angola LNG offered a cargo for delivery over late January to mid-February in a tender that closes next week.
- Simply Wall St.
Is Cheniere Energy, Inc.'s (NYSEMKT:LNG) CEO Paid At A Competitive Rate?
Jack Fusco became the CEO of Cheniere Energy, Inc. (NYSEMKT:LNG) in 2016. First, this article will compare CEO...
- Reuters
Cheniere seeks U.S. OK to process to return Louisiana Sabine LNG tank that leaked
* Cheniere, the biggest U.S. LNG exporter, said in a filing earlier this week that its proposed process would prioritize work on one tank, known as S-101, and allow that tank to return to service in the near term. * The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) ordered Cheniere to shut two tanks at Sabine on Feb. 8, 2018, after plant workers on Jan. 22, 2018, discovered a 1- to 6-foot-long crack at one tank that leaked fuel into an outer layer.
- Zacks
Why Is Cheniere Energy (LNG) Down 1.6% Since Last Earnings Report?
Cheniere Energy (LNG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Reuters
Flood of cheap LNG from Qatar imperils rival N.American projects
Proposed projects to export liquefied natural gas (LNG) from North America face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world's leading LNG exporter. The United States is on track to overtake Qatar and Australia as the top LNG exporter by 2024, but now will only hold that title for a few years as Qatar announced this week it will boost production by 64% by 2027. Qatar's plans add another headwind for dozens of long-in-development projects already contending with the difficulty of finding customers due to the U.S.-China trade war and a glut of supply worldwide.
- Insider Monkey
Were Hedge Funds Right About Souring On Cheniere Energy, Inc. (LNG)?
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
- Oilprice.com
Global LNG Markets Are Circling The Drain
Asian and European LNG prices are falling through the floor as a result of mild winter weather and a new wave of supply from the US, Australia and Russia
- Zacks
Oil & Gas Stock Roundup: ConocoPhillips' 10-Year Plan, HollyFrontier's Dividend Boost
ConocoPhillips (COP) unveiled a 10-year plan that targets, among others, $50 billion in free cash flow. Meanwhile, HollyFrontier (HFC) raised its dividend by 6%.
- Moody's
Sabine Pass Liquefaction LLC -- Moody's announces completion of a periodic review of ratings of Sabine Pass Liquefaction LLC
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sabine Pass Liquefaction LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Bloomberg
Gunvor to Market Liquefied Natural Gas Produced at $4 Billion U.S. Export Project
(Bloomberg) -- Gunvor Group Ltd. agreed to double the maximum amount of liquefied natural gas it plans to buy from a $4 billion export project in Louisiana and said it will recruit additional customers for the terminal.The trading firm will purchase as much as 3 million tons of LNG per year from Commonwealth LNG, the Houston-based developer said Monday in an emailed statement. Gunvor will also market the remaining volumes from the facility, which will be able to produce about 8.4 million tons a year. Commonwealth aims to make a final investment decision in 2021 and begin exports in the second quarter of 2024.The pact is unique in that it allows Commonwealth to shift the burden of finding buyers onto a third-party marketer. LNG developers need to sign enough customers to secure financing, and competition is intensifying. New terminals from Russia to Australia are flooding the market with supply, while the trade war has made it all but impossible for American exporters to sign deals with Chinese buyers.Trading houses, meanwhile, are becoming bigger players in LNG project development. Cheniere Energy Inc., America’s first and biggest shipper of shale gas, struck a 15-year agreement last year to sell the fuel to Vitol Group. Gunvor is on course to lead LNG ship charters this year after seeing its trading of the super-chilled fuel jump in 2018.With Gunvor’s backing, Commonwealth will create “the lowest-cost offering on the U.S. Gulf Coast,” Kalpesh Patel, co-head of LNG trading at Gunvor, said in the statement.Gunvor had reached a preliminary agreement with Commonwealth in June to buy 1.5 million tons of LNG a year for 15 years. Commonwealth may look for more creative ways to price its cargoes such as linking contracts to oil or to foreign gas indexes, even as the U.S. Henry Hub benchmark gains clout, Chief Executive Officer Paul Varello said that month.To contact the reporter on this story: Naureen S. Malik in New York at nmalik28@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Cheniere's Corpus Christi Stage 3 Project Gets FERC Nod
Cheniere's (LNG) liquefaction platform comprising Corpus Christi liquefaction project on the US Gulf Coast and the Corpus Christi's stage 3 development will have production capacity of nearly 25 mtpa.
- Bloomberg
Gas ‘Witch’s Brew’ Has U.S. Exporters Facing Worst Scenario
(Bloomberg) -- A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.Prices for the heating and power-plant fuel may collapse in Europe and Asia next year to levels that would force U.S. liquefied natural gas suppliers to curb output, Citigroup Inc. said in a note to clients last week. Morgan Stanley sees as much as 2.7 billion cubic feet a day of American exports curtailed around the second or third quarter, assuming normal weather. That’s about half the volume now being sent abroad.China’s demand for U.S. LNG has plunged amid the trade war, while Europe’s gas storage is almost full and tankers carrying the fuel are taking unusually long journeys in search of better prices. That’s created a “toxic witch’s brew” that’s making it harder to find a home for American exports, according to Madeline Jowdy, senior director of global gas and LNG for S&P Global Platts in New York.“It’s also a harbinger of bigger troubles ahead for U.S. exporters in the second quarter of next year, when global demand is at its weakest point and the U.S. will have even more volumes to place” as new export terminals start up, Jowdy said in an email.Capping LNG production is an extreme measure, but the idea is gaining traction as new terminals from the U.S. to Australia unleash exports faster than demand can catch up. Gas for near-term delivery in Asia has lost half its value in the past 14 months, with the Dutch benchmark nearly matching that decline. A mild winter would make the glut even worse -- bad news for U.S. suppliers like Cheniere Energy Inc. and Sempra Energy.In the past three years, soaring gas output from shale basins has vaulted the U.S. into the ranks of the world’s largest LNG producers. The nation is widely seen as a so-called swing supplier because its exports can respond quickly to a volatile market.Curtailments can happen when customers such as trading houses, which resell the fuel to utilities and other end users, refuse to load cargoes because prices are too low to cover shipping costs and still make a profit. The cancellations can force exporters to cap, or “shut in,” LNG production as their storage tanks fill up.While customers of American LNG export terminals have to pay a fee to reserve the fuel under long-term contracts, they can opt out of buying with 30 to 60 days’ notice. That’s in contrast to traditional contracts from suppliers like Qatar and Australia, which require buyers to take or pay for a fixed amount whether they need it or not.Singapore’s Pavilion Energy Pte said this month that it canceled the loading of an LNG cargo from the U.S., though Pavilion said the decision was based on logistics and didn’t directly attribute it to low gas prices. But additional shut-ins of American exports could follow, Michael Webber, managing partner of Webber Research & Advisory LLC, said in an email.With the exception of the Pavilion cargo, though, buyers of U.S. LNG have continued to load shipments. Traders will likely need to have a view of at least two months out to cancel, Peter Abdo, chief commercial officer for LNG and origination at Uniper Global Commodities SE, said at the Bloomberg Commodity Investor Forum in London this month. Uniper doesn’t plan to refuse cargoes, he said.The top executive at Cheniere, the largest U.S. gas exporter, has dismissed concerns about shut-ins.The question “never ceases to amaze me,” Chief Executive Officer Jack Fusco said during the company’s third-quarter earnings call last month. Cheniere’s cargoes “are extremely competitive,” Fusco said. A representative for Cheniere declined to comment on possible LNG production curtailments, while Sempra declined to discuss commercial arrangements.So far, the premium for winter gas over near-term prices has spurred record American shipments. But European gas prices could potentially slip below $3 per million British thermal units in the spring and summer, potentially forcing U.S. exports to shut in, Citigroup said in its report. Gas at the Dutch Title Transfer Facility is now trading near $5.Benchmark gas prices in the U.S., Europe and Asia are expected to remain under pressure next year from strong supply growth, Goldman Sachs Group Inc. analysts said in a research note Monday.“There’s too much gas in Asia, there’s too much gas in Europe and that means the U.S. may need to be the swing supplier,” Devin McDermott, an equities analyst and commodities strategist for Morgan Stanley in New York, said in a telephone interview.(Updates with Goldman Sachs note in penultimate paragraph)\--With assistance from Stephen Stapczynski.To contact the reporters on this story: Naureen S. Malik in New York at nmalik28@bloomberg.net;Anna Shiryaevskaya in London at ashiryaevska@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine Buurma, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire
Cheniere Receives FERC Approval for Corpus Christi Stage 3 Expansion Project
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that it has received approval from the U.S. Federal Energy Regulatory Commission (“FERC”) to site, construct, and operate the Corpus Christi Stage 3 expansion project (“Corpus Christi Stage 3”). Corpus Christi Stage 3 is being developed for up to seven midscale liquefaction trains (“Trains”) with total aggregate expected nominal production capacity of approximately 10 million tonnes per annum (“mtpa”) of LNG. The Corpus Christi Stage 3 site is adjacent to the three liquefaction Trains operating or under construction at the Corpus Christi Liquefaction Project, and together the two projects are expected to have a total nominal production capacity of approximately 25 mtpa.
- Reuters
U.S. FERC set to approve construction of four LNG export projects in Texas
The U.S. Federal Energy Regulatory Commission (FERC) is scheduled on Thursday to vote on four proposed liquefied natural gas (LNG) export facilities in Texas totaling about 6.2 billion cubic feet per day (bcfd) of capacity. The projects are NextDecade Corp's 3.6-bcfd Rio Grande, Cheniere Energy Inc's 1.5-bcfd Corpus Christi Midscale, Exelon Corp's 0.8-bcfd Annova LNG Brownsville and Texas LNG's 0.3-bcfd Brownsville.
- Zacks
Oil & Gas Stock Roundup: Linde, Helmerich & Payne Earnings Top
Linde plc (LIN) and Helmerich & Payne Inc. (HP) reported better-than-expected September quarter earnings.
- Benzinga
Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
- GuruFocus.com
Seth Klarman Boosts Liberty and Sells eBay in 3rd Quarter
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- ETF Trends
TOLZ: An ETF Focused Exclusively on Pure-Play Infrastructure
Pure-play infrastructure companies are the owners and operators of infrastructure assets, such as toll roads, airports, pipelines and communication towers. With their near monopolistic positions, continual demand and limited sensitivity to economic cyclicality, these companies, as a group, have had stable, predictable cash flows, attractive yields and are poised to benefit from increasing global infrastructure spending.
- Zacks
Cheniere (LNG) Reports Q3 Loss on Higher Operating Expenses
In Q3, Cheniere (LNG) shipped 108 cargoes, reflecting a rise of 66% from the year-ago level.
- Business Wire
Cheniere Energy, Inc. Announces Upsizing and Pricing of $1.5 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holdings, LLC
Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH"), has upsized and priced its previously announced offering of Senior Secured Notes due 2029 (the "CCH 2029 Notes"). The CCH 2029 Notes will bear interest at a rate of 3.700% per annum and will be issued at a price equal to 99.925% of par to yield 3.709%. The CCH 2029 Notes will mature on November 15, 2029.
- Zacks
More New Records for Dow, NASDAQ Despite a Slower Rally
More New Records for Dow, NASDAQ Despite a Slower Rally
- Moody's
Cheniere Corpus Christi Holdings, LLC -- Moody's assigns a Ba1 rating to Cheniere Corpus Christi Holdings, LLC's $1.0 billion bond offering; outlook is positive
Rating Action: Moody's assigns a Ba1 rating to Cheniere Corpus Christi Holdings, LLC's $1.0 billion bond offering; outlook is positive. Global Credit Research- 05 Nov 2019. New York, November 05, 2019-- ...
- Business Wire
Cheniere Energy, Inc. Announces Intent to Offer $1.0 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holdings, LLC
Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH") intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2029 ("CCH 2029 Notes"). CCH intends to use the proceeds from the offering to prepay a portion of the principal amount currently outstanding under CCH’s term loan credit facility due 2024 (the “CCH Credit Facility”). The CCH 2029 Notes will be secured by a first priority security interest in substantially all of the assets of CCH and its subsidiaries and by a pledge of all of the equity interests in CCH and will rank pari passu in right of payment with all existing and future senior secured indebtedness of CCH, including borrowings under the CCH Credit Facility, its outstanding senior secured notes due 2024, senior secured notes due 2025, senior secured notes due 2027, both series of senior secured notes due 2039, and its obligations under its working capital facility.
- Market Realist
5 Dividend Stocks for an Uncertain Market
The ongoing trade war and geopolitical uncertainties are keeping the stock markets volatile. This may attract investors to dividend stocks.
