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Cheniere Energy Partners (CQP -3.5%) agrees to sell $1.5B in stock to investors affiliated with...

Cheniere Energy Partners (CQP -3.5%) agrees to sell $1.5B in stock to investors affiliated with Blackstone (BX) at a 40% discount to the company's Monday closing stock price, in its continued aggressive effort to raise funds for construction of the Sabine Pass natural gas export facility.
Comments (12)
  • 40% discount!!! *&#&^$*$&


    Why not simply do an offering to current shareholders?????


    I'm fine with needing the cash and selling equity to get it - but this is a freaking giveaway. Try asking shareholders FIRST.


    15 May 2012, 12:56 PM Reply Like
  • I just bought common stock this morning, how does this give away effect me?
    15 May 2012, 01:06 PM Reply Like
  • You got diluted..... which is fine if its needed IMO..... BUT at a 40% discount!!


    ie, you bought at market price and the Blackstone crowd paid 40% less than you for the same share.
    15 May 2012, 01:49 PM Reply Like
  • Total B.S. they must be desperate for immediate cash. They could have done much better on a secondary offering if they wanted to take the time.


    It makes me question the leadership of the company. Blackstone will end up selling most of that also.
    15 May 2012, 02:31 PM Reply Like
  • WOW,
    GET OUT NOW , LOOK OUT BELOW.............
    15 May 2012, 02:33 PM Reply Like
  • can we buy these shares on the open market? when and how?
    15 May 2012, 02:36 PM Reply Like
  • I read that they are B shares. Are they restricted? Not eligible for the dividend perhaps? Guess I will have to go and read a little more.
    15 May 2012, 03:33 PM Reply Like
  • No folks not CQP--it was LNG the parent that sold at a 5.7% discount,
    15 May 2012, 05:06 PM Reply Like
  • confusing situation--here is announcement:
    om: Cheniere agrees to sell $2B of equity for Sabine Pass Liquefaction project
    Cheniere Energy Partners (CQP) announced that it has entered into a Unit Purchase Agreement with investment funds managed by Blackstone (BX) Energy Partners L.P. and Blackstone Capital Partners VI L.P. Under the agreement, Blackstone has agreed to purchase $1.5B newly issued CQP Class B units from Cheniere Partners in a private placement. As previously announced, Cheniere Energy (LNG) has also agreed to purchase $500M newly issued Class B Units pursuant to a separate unit purchase agreement.
    15 May 2012, 05:09 PM Reply Like
  • Everything I read states that it is Cheniere Energy Partners LP (CQP) that is selling $1.5 billion in stock to investors affiliated with Blackstone Group L.P. (BX). Also the Class B shares will eventually be converted to common shares and it is CEI buying the other $500mil not LNG.
    Anyway, link to yahoo finance... glad I got in at $14 in October ;)


    One thing that is confusing is that the letters LNG in the article is referring to the accronym Liquified Natural Gas not the stock ticker LNG.
    17 May 2012, 07:20 PM Reply Like
  • So they are CQP shares held by LNG. Much better scenario. Thanks for the info.
    16 May 2012, 09:24 AM Reply Like
  • The mnemonic representing Cheniere Partners Incorporated listing on the Amex is LNG and that is the reference in the blurb.
    18 May 2012, 09:12 AM Reply Like
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