LNG Updates: Cheniere Energy, Inc. (LNG) & Chevron Corporation (CVX)’s Lawsuit, Clean Energy Fuels Corp (CLNE)’s Proposal

Editor’s Note: Cheniere Energy, Inc. (NYSEMKT:LNG), Chevron Corporation (NYSE:CVX), Clean Energy Fuels Corp (NASDAQ:CLNE)

Chevron Won’t Seek Money From Ecuadorians in U.S. Lawsuit (Bloomberg)
Chevron Corporation (NYSE:CVX) said it won’t seek money damages against two Ecuadorians it sued in a New York racketeering case claiming the pair committed fraud to win a $19 billion verdict in a pollution case in their country. The oil company also asked that the trial, set to begin next month in federal court in Manhattan, be held in two parts, one before a jury and a second before a judge.

Cheniere Energy, Inc. (NYSEAMEX:LNG)

Cheniere Energy, Inc. (LNG) Enters Overbought Territory (Zacks)
Cheniere Energy, Inc. (NYSEMKT:LNG) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because LNG is now in overbought territory with an RSI value of 70.32. Furthermore, estimates for the Cheniere Energy have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

Clean Energy Fuels Corp : Clean Energy Announces Proposed Private Placement of Convertible Senior Notes (4-traders)
Clean Energy Fuels Corp (NASDAQ:CLNE) (“Clean Energy” or the “Company”) today announced that it intends to offer, subject to market conditions and other factors, $200 million aggregate principal amount of convertible senior notes due 2018 (the “notes”) in a private placement. Clean Energy also intends to grant the initial purchasers of the notes a 30-day option to purchase up to $30 million aggregate principal amount of additional notes. The Company expects to use the net proceeds of the offering to fund capital expenditures and for general corporate purposes.

Chevron gas boss foresees more liquid LNG spot market (Platts)
Although the global LNG business was not originally set up for spot trading, a more liquid spot market will eventually evolve, Chevron Corporation (NYSE:CVX) ’s global gas boss predicted Tuesday. “Will we get there? Yes… but it will take time for that liquidity to become reality,” said Joe Geagea, president of Chevron’s global gas and midstream business.

Clean Energy Fuels Breaks Above 200-Day Moving Average – Bullish for CLNE (Forbes)
In trading on Monday, shares of Clean Energy Fuels Corp (NASDAQ:CLNE) crossed above their 200 day moving average of $13.06, changing hands as high as $13.07 per share. Clean Energy Fuels Corp shares are currently trading up about 1.6% on the day.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!