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Re: Watch EE todayHaving just mentioned CQP.... lumpygravy posted this on the MLP private board....... From RBC Cheniere Energy Inc Model update; still has a long runway Our view: Cheniere recently reported 1Q22 earnings and attended the EIC conference in Florida. We believe Cheniere remains well-positioned to benefit from growing demand for liquefied natural gas globally. In the near- term, given its open capacity, Cheniere should benefit from strong margins. Longer-term, we see growth beyond Corpus Christi Stage 3. We increase our estimates and our price target moves to $178 from $151. Cheniere Energy Partners, L.P. Model Update Our view: CQP's 1Q22 results exceeded expectations and CQP's recently announced distribution plan should allow for greater cash return to unitholders, which we view positively. The completion of Sabine Pass Train 6 should drive highly visible cash flow. We maintain our Sector Perform rating but increase our price target to $54 from $52 on increased cash flow. |
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