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What: Shares of Cheniere Energy
So what: BG Group CEO Frank Chapman said he saw strong demand for the LNG market in the future, saying he thought 45 million tons of LNG could be exported from the U.S. by 2020. BG Group has an export deal with Cheniere if it can build its export terminal.
Now what: Cheniere has been jumping around as deals and bullish news about LNG have happened, but it still won't have an export terminal for many years. And it still has no way to pay for it under its current capital structure. I can't buy into today's hype for Cheniere even though I agree that LNG could be a great export from the U.S. in the future.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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