UPDATE - BTIG Initiates Coverage on Cheniere Energy (LNG) with a Buy; Monetizing Cheap Natural Gas With Potential Capacity Upside
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Price: $29.10 -2.74%
Rating Summary:
6 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
6 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade LNG Now!
UPDATE - BTIG initiates coverage on Cheniere Energy (NYSE: LNG) with a Buy. PT $19.
BTIG analyst said, "We believe 2012 will be a transformative year for Cheniere Energy, with three important catalysts that should have a powerful effect on valuation, presenting an opportunity to invest in a company that is currently priced at 50% of the market multiple enjoyed by other midstream operators."
"First among the catalysts: securing new financing for its natural gas export project. Second, the signing of a fourth customer that will bring that export project to 100% baseline capacity. Third, the refinancing of Cheniere’s convertible notes, which would provide the company with the runway it needs while it follows through on its plans."
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BTIG analyst said, "We believe 2012 will be a transformative year for Cheniere Energy, with three important catalysts that should have a powerful effect on valuation, presenting an opportunity to invest in a company that is currently priced at 50% of the market multiple enjoyed by other midstream operators."
"First among the catalysts: securing new financing for its natural gas export project. Second, the signing of a fourth customer that will bring that export project to 100% baseline capacity. Third, the refinancing of Cheniere’s convertible notes, which would provide the company with the runway it needs while it follows through on its plans."
To see more ratings on LNG, Click Here
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