Jim Cramer Calls Cheniere Energy “Obvious Winner From This European Trade Deal”

Cheniere Energy, Inc. (NYSE:LNG) is one of the stocks Jim Cramer highlighted as potential winners from the US-EU deal. Cramer discussed the stock and said that “it should have gone higher,” as he remarked:

“Next, you want some exposure to the companies that make it possible for our country to ship natural gas across the ocean. Now, these are the liquified natural gas plays, and this is what a lot of people are most excited about. The top dog in this space is Cheniere Energy, LNG is the symbol, which has been producing and exporting liquified natural gas from its Sabine Pass facility in Louisiana for nearly 10 years now, and also has a second working LNG facility in Corpus Christi, Texas.

Now, Cheniere is the largest LNG producer in the country and already sends a ton of its gas to Europe. It’s the obvious winner from this European trade deal, which is why its stock jumped over 3% or 1.4% today. I think it should have gone higher. It doesn’t mean it’s not done. If Europe really follows through, these guys could have a lot more business.”

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Cheniere (NYSE:LNG) is an energy infrastructure company focused on liquefied natural gas, operating major LNG terminals and supply pipelines.

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Disclosure: None. This article is originally published at Insider Monkey.