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Stock Market & Financial Investment News

News Breaks
June 3, 2014
06:24 EDTLNGCheniere Energy cancels annual meeting due to compensation suit, WSJ reports
Cheniere Energy has canceled its annual meeting, which was scheduled for next week, citing a lawsuit that was filed late last week over compensation, the Wall Street Journal reports. The lawsuit accuses the company of improperly awarding stock to employees that today would be valued at more than $1B. The annual meeting will be rescheduled for September. Reference Link
News For LNG From The Last 14 Days
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April 30, 2015
16:54 EDTLNGCheniere Energy reports Q1 EPS with items ($1.18), consensus (31c)
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April 22, 2015
13:31 EDTLNGCheniere rallies with company 'on the verge' of first LNG export
Cheniere Energy (LNG) CEO Charif Souki told CNBC earlier today that his company is "on the verge" of exporting the first liquefied natural gas from the U.S. later this year. Cheniere's first executed contract will occur in Q1 of 2016 by selling gas to BG Group (BRGYY), Souki noted. He told CNBC's Kate Kelly that his company will make a "ton" of money from the 20-year LNG export contracts it has signed. On more general issues, Souki thinks Shell's (RDS.A) proposed acquisition of BG will receive regulatory approval and that the price of crude oil has bottomed. Shares of Cheniere Energy are up $1.12 to $78.12 in afternoon trading while Cheniere Energy Partners LP (QEP) is up 43c to $32.11.

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