Dan Schmeidler

The Long Case for Cheniere Energy

One additional note to keep in mind. Souki Charif, current CEO of LNG, sold nearly 3 million company shares between April 15 and April 23 this year, netting well over $30 million on the sale. This type of insider trading undoubtedly contributes to the extremely negative outlook for the company as well as the depressed stock price. In addition to the awful balance sheet (see cash position, long term debt, negative equity, etc.) recently reported insider trading calls for stronger discipline and extreme caution when approaching this speculative play.