• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 11 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 13 minutes Iran in the world market
  • 15 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 17 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 2 hours Let's shut down dissent like The Conversation in Australia
  • 9 hours Saudis Confirm a Cruise Missile from Iranian Origin
  • 27 mins Who Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 3 hours Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 59 mins Trump Accidentally Discusses Technology Used In The Border Wall
  • 47 mins Donald Trump Proposes Harnessing Liberal Tears To Provide Clean Energy
  • 17 hours Is It Time To Invest In Offshore Drillers?
  • 14 hours Trump Will Win In 2020 And Beyond..?
  • 19 hours Trump new National Security Advisor. Trump easily manipulated.
  • 12 hours Democrats and Gun Views
  • 17 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

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
Download on the App Store Get it on Google Play