Cheniere Energy Overheats On Another Contract Signing
With a subsidiary of Cheniere Energy ( LNG ) announcing the signing of another long-term supply contract, the stock has become overheated with a RSI approaching 80. Investors need to be concerned that the newest deal won't lead to sales until 2018 at the earliest and could face a block by the federal government. The company plans to be one of the leading domestic LNG exporters. It owns a 61% interest in Cheniere Energy Partners, L.P. ( CQP ) , which owns the Sabine Pass facilities. Cheniere Energy Partners plans to construct six natural gas liquefaction trains that are in various stages of development to produce a total of 27 mmtpa. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details.