Cheniere Energy suite of companies initiated at Howard Weil

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

Cheniere Energy (LNG +1%) is initiated with a Sector Perform rating and $79 price target at Howard Weil, based on a belief that a material amount of LNG's current valuation is tied to assumed profitability on sales volumes from Cheniere Marketing.

The firm says it wants to stay on the conservative side given the potential for market conditions to change considerably up to the time CCL is completed 4-5 years from now.

Weil also starts Cheniere Energy Partners (NYSEMKT:CQP) and Sector Outperform with a $19 price target and Cheniere Energy Partners LP (NYSEMKT:CQH) at Sector Perform and a $29 target.