Seeking Alpha

Cheniere Energy target lifted to $47 at Deutsche Bank

  • Cheniere Energy's (LNG +2.9%) price target is raised to $47 from $39 at Deutsche Bank, which also maintains a Buy rating on the stock, based on higher EBITDA expected from the underlying Cheniere Energy Partners (CQP) MLP, the inclusion of Corpus Christi at a valuation of ~$470M ($2/share) and the inclusion of Trains 5 and 6 at ~$450M ($2/share).
  • At CQP, the firm says the inclusion of projected CMI EBITDA of $145M for Trains 1-4 continues to appear conservative based on its macro view of worldwide liquefied natural gas fundamentals and additional capacity at Sabine Pass and Corpus Christi will add to volume potential.
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Comments (2)
  • Michael Bryant
    , contributor
    Comments (5836) | Send Message
     
    (LNG) at resistance. http://yhoo.it/197uULd;c=

     

    But I wouldn't be surprised if it breaks out, as terminal opening gets closer.
    16 Oct 2013, 12:46 PM Reply Like
  • Heithster
    , contributor
    Comments (3) | Send Message
     
    Where's that analyst who just said to sell Cheniere? Nice call! He was really on the money there! I'm sure glad that I paid no attention his call. It just goes to show you that it's best to take every analysts opinion with a grain of salt!
    17 Oct 2013, 01:06 PM Reply Like
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