Buy Cheniere Energy: The Only U.S. Company Likely To Export Liquefied Natural Gas
Despite the delay in the approval of gas exports, Cheniere Energy ( LNG ) has bright prospects based on its development of the Sabine Pass plant, an improvement in the construction of terminals and pipelines, and the expectation it will get an export license. So far, Cheniere is the only company out of 15 participants to get the conditional approval to export liquefied natural gas. In our opinion, there is a great probability that the company will completely get this approval, primarily due to the government planning to utilize its excess supply of gas. The phenomena of gas extraction through hydraulic fracturing has created excess gas supply and exerted a downward pressure on gas prices. We believe that in order to stabilize natural gas demand and supply, the government will soon take this initiative of exporting excessive gas and enable Cheniere to generate high revenues in the coming period
