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TheStreet Open House

6 Stocks to Gain From Strong LNG Outlook

Stocks in this article: GLNG TGP DRYS DHT LNG APC

6. Cheniere Energy (LNG - Get Report) is a U.S.-based energy company engaged in LNG-related businesses. It owns and operates the Sabine Pass LNG terminal and Creole Trail pipeline in Louisiana.

Recently, the company initiated a project to offer liquefaction services at the Sabine Pass LNG terminal, which facilitate natural gas liquefaction, export of LNG, as well as import and re-gasifying LNG from overseas. The liquefaction project would be up to four LNG trains, each train with a nominal production capacity of 4 million tons per annum. LNG export from the Sabine Pass LNG terminal will probably start by 2015.

During the first quarter of 2011, Cheniere's income from operations was $23.6 million, compared to $31 million for the comparable period in 2010 due to lower derivative gains and expenditure from Sabine Pass LNG terminal. LNG terminal and pipeline development expenses grew to $7.7 million for the quarter compared to the corresponding period in 2010, driven by expenses related to the proposed liquefaction project at Sabine Pass LNG terminal.

Analysts rate an impressive 86% buy on the stock with an estimated upside of 50%.

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