Cheniere Energy +5.6% as Morgan Stanley, Barclays come out positive


At least two tier-1 firms are out with positive initiation calls at price target raises on Cheniere Energy (LNG +5.6%): Morgan Stanley starts with an Overweight rating and $60 price target with a $129 bull case, while Barclays lifts its target to $65.

Stanley sees LNG as a pure play exposure to liquefied natural gas infrastructure and development with a first-mover advantage, and Barclays expects various catalysts to drive continued momentum for LNG in 2014.

Credit Suisse is more cautious, initiating shares at Neutral and $48 as it thinks LNG is currently pricing in much of the Cheniere Energy Partners (CQP +4%) story, including strong likelihoods of the SPL expansion and the Corpus Christi project; however, the firm likes CQP's strong long-term return proposition and reinstates coverage at Outperform.

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Comments (11)
  • jimBBAM
    , contributor
    Comments (2) | Send Message
     
    FWIW, watch what happens in 2015 when CQP (Sabine Pass LNG facility) is the only new one in production selling US nat gas to the world at profitable pricing under the global price. We shall see how fast the "other" players get all the approvals from our Government to get into the game.
    7 Jan 2014, 01:05 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6743) | Send Message
     
    (LNG) is $45. $129 is 287% up.
    7 Jan 2014, 06:43 PM Reply Like
  • Rankin06
    , contributor
    Comments (3) | Send Message
     
    Haven't seen any formal mention of a $129 PT. Wishful thinking perhaps.
    7 Jan 2014, 07:59 PM Reply Like
  • Rankin06
    , contributor
    Comments (3) | Send Message
     
    Haven't seen any formal mention of a $129 PT (other than the above tweet). Wishful thinking perhaps.
    7 Jan 2014, 08:00 PM Reply Like
  • jolacious
    , contributor
    Comments (105) | Send Message
     
    At its current price, is LNG A BUY? Any one hazard a guess at its price in 2015? Your comments welcome. ATB.
    7 Jan 2014, 09:33 PM Reply Like
  • Rankin06
    , contributor
    Comments (3) | Send Message
     
    Seems as though almost of all of the major ratings services have LNG as a "BUY" with price targets ranging from $48 - $60. My personal, totally unprofessional, expectation for the end of 2014 is $56.
    8 Jan 2014, 09:07 AM Reply Like
  • Strattonite
    , contributor
    Comments (41) | Send Message
     
    $129 PT? I don't know about that...unless he's talking about some time in late 2016..but $60 should be hit over the next 5-7 months IMO
    8 Jan 2014, 01:11 AM Reply Like
  • TheKeyMaster
    , contributor
    Comments (13) | Send Message
     
    How bad will LNG be hit if the Department of Energy allows more permits? I believe any mention of more permits will crush the price.
    8 Jan 2014, 08:47 PM Reply Like
  • jolacious
    , contributor
    Comments (105) | Send Message
     
    Thanks for your views guys/ladies. I have only a modest holding, and would like to average up. I am from London, and like American energy stocks. Long lng, and mhr, sold APC recently, and may get back in once, when the legal ramifications are hammered completely at the anvil. GBTUSA.
    10 Jan 2014, 10:53 AM Reply Like
  • banenny
    , contributor
    Comments (25) | Send Message
     
    Why would more permits "crush" the price?? On the contrary, the more permits, the closer Cheniere gets to having their application reviewed!
    14 Jan 2014, 02:39 PM Reply Like
  • Simon Holstein
    , contributor
    Comments (25) | Send Message
     
    Their application is approved. New permits would not negatively effect LNG. Their contracts are in place, construction is 5 years (or so) ahead of competition.
    16 Jan 2014, 05:45 PM Reply Like
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