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Cheniere Energy Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Cheniere Energy (NYSE: LNG  ) popped 10% in intraday trading Thursday, after India's Petronet announced that it is talking to the U.S.-based liquefied natural gas, or LNG, company for supplies.

So what: For the small-sized Cheniere, winning a long-term supply contract with Petronet -- India's largest LNG importer by volume -- would obviously be a huge positive for shareholders. The stock was pummeled over the first two weeks of June, but a recent wave of double-digit "up" days suggests that investor sentiment is starting to turn.

Now what: I think Cheniere will keep rallying in the short term. Goldman Sachs recently doubled its LNG demand growth outlook, so I'd expect Cheniere to get a nice boost as traders look for a potent, highly leveraged way to take advantage. For longer-term investors, however, more established dividend-paying names like Golar LNG (Nasdaq: GLNG  ) and Teekay LNG (NYSE: TGP  ) seem like more prudent plays.

Interested in more info on Cheniere? Add it to your watchlist.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.

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10/20/2016 4:00 PM
GLNG $23.96 Down -0.52 -2.12%
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