Report
Stephen Ellis

Cheniere Makes Expected Decision to Proceed on Corpus Christi Train 3

As we anticipated, wide-moat Cheniere Energy has announced that it plans to proceed with the construction of Corpus Christi train 3, which will produce around 4.5 million tons of liquefied natural gas annually. We had already incorporated the train into our model and our $67 fair value estimate earlier this year. After Cheniere signed agreements with China Natural Petroleum and Trafigura earlier this year to supply LNG, we believed the train had enough capacity contracted to go forward. Consider...
Underlying
Cheniere Energy Partners L.P.

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

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