Cheniere Energy (LNG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Australia's Woodside Energy reported a 21% sequential rise in third-quarter revenue on Wednesday, on the back of Sangomar cargo sales and higher average LNG prices.
UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $84,000 per day remain a strong point for UPI companies compared to spot rates. Excelerate Energy led gains with a 2.1% rise, while New Fortress Energy saw the largest decline at 7.2%, indicating mixed performance among constituents.
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
A ruling by a Paris-based arbitrator prevents KOS from selling the LNG produced from the GTA LNG project to third parties. BP is the operator of the GTA project.
Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favour of BP , prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue (GTA) project offshore Senegal and Mauritania.
Norway's Equinor remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year, a senior company executive said on Tuesday.
E strengthens its LNG ties with Japan, joining forces to promote decarbonization through the CLEAN Initiative and expand its Mozambique LNG projects.
News for fleet renewal, share buyback program or contract extensions would spark investors' interest in common shares. Preferred units offer high yields (Series A: 8.75%, Series B: 10.98%) with secure dividend payments backed by Dynagas' strong backlog and consistent free cash flow. Key risks include an aging fleet and potential sanctions on Russian entities, but current operations remain unaffected.
LNG's capital-intensive business has translated into a huge debt load for the company.
Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni's director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday.
Natural gas distribution company Bulgargaz said on Friday that French oil major TotalEnergies ranked first in a tender offer to supply liquefied natural gas (LNG) in November and December to the Alexandroupolis terminal in Greece.