Cheniere Energy upgraded at Credit Suisse, sees ~20% upside


Cheniere Energy (LNG +1.3%) is upgraded to Outperform from Neutral at Credit Suisse, which says LNG's risk/reward profile has shifted to the upside after the stock's recent pullback.

The firm says it refined several assumptions in its model which take its price target to $50 from $48 to $50, representing ~20% upside.

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Comments (6)
  • jpmj4847
    , contributor
    Comments (566) | Send Message
     
    Go LNG, keep signing those long term contracts . I'm long a reaming.
    10 Feb 2014, 01:18 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6721) | Send Message
     
    Glad to see a pullback in (LNG). Was not smart to sell (LNG) at $17.
    10 Feb 2014, 02:48 PM Reply Like
  • George P. Burdell
    , contributor
    Comments (298) | Send Message
     
    This is an interesting story and Company... Has been entertaining watching folks move in and out of this stock based on price fluctuations. Cheniere has secured multiple "take or pay" contracts and suitable financing for a first shipment date in late 2015.

     

    Unless there is a significant "bad news" catalyst, this company is set for major profits beginning in 2016... The first few years will likely find Cheniere being the exclusive exporter of LNG to non- Free Trade Agreement Countries.

     

    I have tried to completely ignore the price since our initial investment in Nov. 2012, choosing to focus entirely on news and progress reports on the construction project.

     

    If there was ever a "long" proposition, from my point of view, this is it... Very excited with the prospects for this Company, both from a desire for investment success and the positive effects on our U.S. economy....
    10 Feb 2014, 10:39 PM Reply Like
  • aksteve
    , contributor
    Comment (1) | Send Message
     
    Bought at $14.52.....Wahoo!!
    11 Feb 2014, 03:40 PM Reply Like
  • Holthusen
    , contributor
    Comments (700) | Send Message
     
    I sold at $12, thinking I'd take real good profit and buy back at 8 or 9.
    Oops!
    12 Mar 2014, 12:21 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6721) | Send Message
     
    Don't feel bad. You're not alone. The good thing about the stock market is that there always are a few stocks that surge every year.
    12 Mar 2014, 08:38 PM Reply Like
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