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Cheniere's Building Its Castle Block by Block

Amitabha Chakraborty
November 24, 2011

A company that's been posting losses for the past 13 years usually isn't going to turn things around. But Cheniere Energy (AMEX: LNG  ) may be the exception to the rule.

Is the writing on the wall? Maybe not.
Although Cheniere finished the third quarter in the red with a $53.9 million loss -- bigger than its $40.6 million loss last year -- and reported negative earnings per share, one development might just turn the tables. The company has entered into a contract with Britain's BG Group to supply liquefied natural gas through its Sabine Pass Terminal project, owned by Cheniere Energ