Oil stock #3: Cheniere Energy (LNG) - Louis Navellier

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Oil stock #3: Cheniere Energy (LNG)
May 24, 2009 04:00 PM UTC

Louis Navellier

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Symbol	Sentiment	Start	Return	Closed
LNG		05/24/09	-47.40%	--

Via BloggingStocks:

Filed under: Oil, Stocks to Buy

Cheniere Energy (AMEX: LNG) builds liquefied natural gas terminals and natural gas pipelines. It is a smaller energy company that also participates in oil and gas exploration and development in the Gulf of Mexico.

Should oil continue on its current trajectory, demand for natural gas will increase at a greater rate. LNG suffered from increased competition from larger players that entered the space when oil prices were rocketing higher and a large amount of debt on its balance sheet. The credit crisis pushed shares to the brink, but retirement of certain notes in exchange for common stock reduces LNG's interest expense and provides liquidity for the foreseeable future.

Continue reading Oil stock #3: Cheniere Energy (LNG)

Oil stock #3: Cheniere Energy (LNG) originally appeared on BloggingStocks on Sun, 24 May 2009 11:00:00 EST. Please see our terms for use of feeds.

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