• 4 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 7 minutes Trump will be holding back funds that were going to W.H.O. Good move
  • 11 minutes Washington doctor removed from his post, over covid
  • 15 minutes Which producers will shut in first?
  • 3 hours Cpt Lauren Dowsett
  • 3 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 4 hours Why Trump Is Right to Re-Open the Economy
  • 6 hours Death Match: Climate Change vs. Coronavirus
  • 4 hours Free market or Freeloading off the work of others?
  • 7 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 9 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 5 hours Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 5 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 8 hours How to Create a Pandemic
  • 8 hours Its going to be an oil bloodbath
  • 9 hours Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
Alt Text

Another OPEC Producer Looks To Back The Aramco IPO

As the world’s largest initial…

Alt Text

The Worst Oil Trades Ever Made

Wall Street is full of…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Cheniere Energy (LNG) Gets the Green Light

I have been pounding the table on the attractions of Cheniere Energy (LNG) since last spring. Yesterday, the stock hit a new all time high of $21.50.

There is never any guarantee that a government agency will not do something idiotic. Last year it didn't, thankfully. The Federal Energy Regulatory Commission (FERC) granted the final license needed by Cheniere Energy (LNG) to build the first of two liquefaction plants at Sabine Pass on the Texas Louisiana border on the Gulf of Mexico. These will be the first such plants built in the US in 40 years.

FERC gave the go ahead despite vocal opposition from the Sierra Club, which claimed that fracking caused environmental damage. This, of course, is complete bunk. MIT recently published a study of 50 incidents where gas made it into local water supplies. In every case, it was shown to be the cause of subcontractor incompetence and inexperience, not because of any fundamental flaws with the technology.

The move was a crucial step towards turning the US into a major natural gas (UNG) exporter. The company has already contracted to sell 89% of the plants' planned annual output of 16 million tons. Buyers include BG Group of the UK, Gas Natural Fenosa of Spain, Gail of India, and Kogas of South Korea. Initial deliveries are expected to commence at the end of 2015.

You may recall that I recommended this stock to readers back on March 7 when it was trading at $16.10 a share. I think it is just a matter of time before the stock surpasses its next hurdle at $30, especially if natural gas continues to stabilize here around $2/MM BTU.

Cheniere Energy Inc

Natural Gas - Spot Prices

By. Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News