Cheniere Back to LNG Stock of the Future (LNG, CQP)
Cheniere Energy, Inc. (AMEX: LNG) is continuing the surge seen early on this morning after the LNG export facility builder signed a 20-year purchase pact with Gas Natural Fenosa, a large integrated gas and electric provider located in Latin America…
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Cheniere Energy, Inc. (AMEX: LNG) is continuing the surge seen early on this morning after the LNG export facility builder signed a 20-year purchase pact with Gas Natural Fenosa, a large integrated gas and electric provider located in Latin America and Spain. Cheniere Energy Partners, LP (AMEX: CQP) is developing the project to add liquefaction and additional export capabilities on top of the existing Sabine Pass terminal facility. This gas is to be marketed in the Atlantic and Pacific markets after the widening of the Panama Canal.
Cheniere Energy, Inc. (AMEX: LNG) is up 10.6% at $12.69 versus a 52-week range of $3.17 to $12.86; Cheniere Energy Partners, LP (AMEX: CQP) is up 3% at $16.35 versus a 52-week range of $11.52 to $24.54.
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
