The fundamentals are in place for LNG to double. LNG is the premier Liquefied Natural Gas play in the space.
I sold at $236 thinking that was all it could do. I was wrong and it continues to make new highs. The RSI on the daily right now is 87.67. We should get a pullback here somewhere to try this ride up again.
Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.
This is not investment advice, I'm just a village idiot that likes to think out loud.
I sold at $236 thinking that was all it could do. I was wrong and it continues to make new highs. The RSI on the daily right now is 87.67. We should get a pullback here somewhere to try this ride up again.
Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.
This is not investment advice, I'm just a village idiot that likes to think out loud.
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LNG is pulling back because a competitors IPO just got a 40% haircut by the underwriters.LNG exporter Venture Global slashes IPO valuation target by $45bn
US group to offer more common stock but cuts price range
Venture Global, one of the biggest US liquefied natural gas exporters, has dramatically scaled back its IPO plans, dealing a blow to Wall Street’s hopes for a rebound in equity capital markets activity this year.
The company said on Wednesday it was now seeking a valuation about 40 per cent less than the $110bn it targeted earlier this month, as investors balked at a listing price set higher than many of Venture Global’s competitors. The relatively small amount of equity initially offered for sale by the company founders was also an issue for investors, according to one hedge fund investor who specialises in the energy sector.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.