Cheniere Energy subsidiary IPO upsized by 20%


Cheniere Energy (LNG) says the IPO for its Cheniere Energy Partners LP Holdings (CQH) subsidiary has been upsized to 36M shares from an initial size of 30M; the $20/share price is within the initial $19-$21 range.

CQH is designed as a vehicle to own limited partner units of Cheniere Energy Partners (CQP).

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Comments (5)
  • billpearl
    , contributor
    Comment (1) | Send Message
     
    Something is happening that I don't understand. Is that "why" the stock has been going down? If anyone has a layman answer I as a stock holder of CQP would love to hear.
    12 Dec 2013, 08:40 PM Reply Like
  • bluechip_1998
    , contributor
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    Can anyone in this room tell me how this will play out?
    12 Dec 2013, 09:05 PM Reply Like
  • fox dad
    , contributor
    Comments (16) | Send Message
     
    I have LNG. can someone explain wot cqp and cqh are? And how they impact LNG?
    13 Dec 2013, 04:30 AM Reply Like
  • rbarjr
    , contributor
    Comments (4) | Send Message
     
    I'm still a little hazy on (CQH); but (LNG) is the non-dividend paying "parent" Cheniere Energy company, which owns & controls both export terminals: 1. Sabine Pass & 2. Corpus Christi Liquefaction: (CQP) is just the dividend paying Sabine Pass terminal itself, which will begin exporting LNG in 2015.
    More info can be found @ the company web site: http://bit.ly/1bBMcOm
    13 Dec 2013, 12:27 PM Reply Like
  • nicholas davout
    , contributor
    Comments (2916) | Send Message
     
    I believe that CQH is just a vehicle to own CQP to make an end-run around the K-1 for positions held in IRAs, Roths & 401Ks. Its similiar to KMR used in lieu of KMP, LNCO instead of LINE, EEQ in lieu of ETE, etc. Switching from CPQ into CQH in a retirement account simplifies your tax reporting and removes adjusting your cost basis from K-1 calculations and possible exposure to additional tax charges due to UBTI exceeding $1000.00.
    13 Dec 2013, 03:44 PM Reply Like
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