Report
Stephen Ellis

Cheniere has benefited tremendously from its first-mover advantage in the U.S. LNG export business.

In an expected simplification transaction after Cheniere Energy boosted its stake in Cheniere Energy Partners Holdings to 92% from 82.7% this year, Cheniere Energy has offered to acquire the remaining Cheniere Energy Partners Holdings shares it does not own. We expect this transaction to close. Cheniere Energy Partners Holdings’ only asset is a 48.6% stake in Cheniere Energy Partners, and our fair value estimate for Cheniere Energy Partners is $36 per unit; thus, we estimate an intrinsic value o...
Underlying
Cheniere Energy Inc.

Cheniere Energy is an energy company engaged in liquefied natural gas (LNG)-related businesses. The company is focusing its development in the following LNG terminal projects, which is under construction: the Sabine Pass LNG terminal located in Cameron Parish, LA; and the Corpus Christi LNG terminal near Corpus Christi, TX. The company's subsidiary, Cheniere Energy Partners, L.P. is developing, constructing and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal. The company is developing and constructing a natural gas liquefaction and export facility at the Corpus Christi LNG terminal and operates a natural gas supply pipeline. The company is also in various stages of developing other projects.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch