Wednesday, June 25, 2014
Cheniere Energy (LNG) Smashing bull run
Cheniere Energy (LNG) weekly chart.
Unrelentless climb after 2008.
Parabolic bull run, with no indications of pausing or corrections.
But quite surprising that the rise is not supported by any strong financials.
Instead, revenue has been declining, leading to consecutive losses for the recent 3 years.
Net Tangible Assets declining into negative numbers.
So, what can be the real reason?
LNG is involved in liquefied natural gas business.
But the price of natural gas is not supportive of this trend.
See below corresponding 10-yr weekly chart of natural gas price.
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