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Citi sees two potential catalysts driving upside for Cheniere Energy

May 24, 2016 5:47 PM ETCheniere Energy, Inc. (LNG) StockLNG, CQP, CQHBy: Carl Surran, SA News Editor5 Comments
  • Citigroup analysts Faisel Khan and George Wang rebut the bear argument against Cheniere Energy (NYSEMKT:LNG) proffered by critics such as Jim Chanos, suggesting two potential catalysts that could drive shares higher.
  • First, Citi believes new LNG CEO Jack Fusco will provide visibility to the market on the timing of when the company will be profitable and when it will start returning capital to shareholders.
  • Second, the firm notes that LNG’s marketing entity has contracts to sell 84 liquefied natural gas cargoes through 2018 that could be valued at $1B in gross revenue, and visibility on the margin for the cargoes could provide clarity on the potential cash flows from marketing.
  • Citi maintains its Buy ratings for LNG, Cheniere Energy Partners (NYSEMKT:CQP) and Cheniere Energy Partners LP (NYSEMKT:CQH) with respective $47, $36 and $23 price targets.

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