Cheniere Energy Inc.
), a publicly traded energy firm, declared that Cheniere Energy
Partners LP Holdings LLC has started initial public offering
(IPO) of its common units. Cheniere Energy Partners, a fully
owned affiliate of Cheniere Energy, will offer 30,000,000 units
to the public for the first time.
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Cheniere Energy Partners added that the underwriters will have a
30-day option for buying extra 4,500,000 units. Moreover, the
partnership intends to trade its common units under the New York
Stock Exchange listed symbol of "CQH".
Last month Cheniere Energy reported third-quarter 2013 adjusted
loss of 31 cents per share, narrower than the Zacks Consensus
Estimate loss of 50 cents a share primarily due to lower
Located in Houston, Texas, Cheniere Energy is mainly involved in
operations related to liquefied natural gas. The company is the
owner and operator of western Cameron Parish, LA-based Sabine
Pass liquefied natural gas terminal. In addition, Cheniere Energy
possesses and operates Louisiana-based Creole Trail Pipeline.
Cheniere Energy is now expanding a liquefaction project which is
situated adjacent to the Sabine Pass terminal. The project
includes the development of roughly six LNG trains. The combined
capacity of the trains is expected to be about 27 million tons
per annum (mtpa).
Cheniere Energy holds a Zacks Rank #2 (Buy), indicating that it
is expected to outperform the broader U.S. equity market over the
next one to three months.
Other better-ranked players in the oil and gas exploration and
production sector include
Abraxas Petroleum Corp.
Harvest Natural Resources Inc.
SM Energy Co.
). All the stocks sport a Zacks Rank #1 (Strong Buy).