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
So what: This movement could be a bit of a bounce from the stock's drubbing last week, but there is also speculation that demand for liquefied natural gas may increase after Japan's disaster. If the speculation comes true, that would help the Sabine Pass LNG terminal, which is adding export capabilities.
Now what: Making the jump from the disaster in Japan all the way to increased exports from Sabine Pass seems a bit much for me. The supply of natural gas in the U.S. should have a much more direct impact, but if the stock needed a reason to bounce today, it got it. There are still questions hanging over the web of Cheniere companies from last week, so for now I'm going to leave this move alone.
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