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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!