|By PR Newswire||
|August 11, 2014 09:30 AM EDT||
LONDON, August 11, 2014 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings analysis and research on Cheniere Energy Inc. (NYSE MKT: LNG) as the company announced its earnings results on Thursday, July 31, 2014. Despite a $468,000 year-over-year absolute increase in the total revenue, Cheniere Energy Inc.'s net loss attributable to common stockholders widened $47.16 million year-over-year during the second quarter 2014. Our free coverage report can be accessed at:
The Company's result included significant items related to liquefied natural gas terminal development expense, derivative losses, and loss on early extinguishment of debt, worth $189.8 million in the reported quarter and $236.6 million during the first half of 2014. Previously, the company reported significant items of $7.1 million in the second quarter 2013 and $41.6 million in the first six months of 2013. During the second quarter of 2014, the company's general and administrative expense fell sharply to $67.72 million from $135.08 million in prior year period, due to the timing of awards under bonus plans relating to the Sabine Pass Liquefaction Project. The free research on LNG can be downloaded as in PDF format at:
Cheniere Energy Inc. is developing six natural gas liquefaction trains in collaboration with Cheniere Partners at the Sabine Pass Liquefaction Project. These trains are in various stages of development, and each of these has nominal production capacity of approximately 4.5 million tonnes per annum (mpta). Meanwhile, Corpus Christi Liquefaction, LLC, a wholly owned subsidiary of Cheniere Energy Inc. has entered into Sale and Purchase Agreements (SPA) for commercial supply of liquefied natural gas from Corpus Christi Liquefaction Project. The subsidiary till the date of release has entered into SPAs aggregating approx.6.9 mtpa of liquefied natural gas volumes commencing with Trains 1 and 2 and 0.77 mtpa from Train 3.
The oil and gas producing and transporting company's total revenue stood at $67.65 million, above $67.18 million reported in second quarter of 2013 and outperforming consensus estimate of $66.43 million. Cheniere Energy Inc. reported net loss attributable to common stockholders of $201.93 million, or $0.90 loss per basic and diluted share, extending the net loss of $154.76 million, or $0.71 loss per basic and diluted share reported in the prior year quarter. Analysts at Bloomberg expected net loss of $103.00 million, or $0.41 loss per basic and diluted share. In the first six months of 2014, the Houston-based energy company's net loss attributable to common stockholders stood at $299.7 million, or $1.34 loss per basic and diluted share, compared to a loss of $271.9 million, or $1.26 loss per basic and diluted share, during the first half of 2013. Sign up and read the free analyst's notes on LNG at:
On Friday, August 01, 2014, Cheniere Energy Inc.'s shares fell 0.79% to end the session at $70.20 following the prior day earnings release. However, on the last close, Friday, August 08, 2014, the stock edged 0.35% higher to close at $70.72. The stock vacillated between $70.06 and $70.97 during the session. A total of 1.53 million shares were traded, which was below its three months average volume of 2.61 million shares. Over the previous three trading sessions and over the last three months, the company's shares have advanced 0.34% and 27.52%, respectively. Further, from the beginning of 2014, the stock has gained 64.01%. Cheniere Energy Inc.'s shares are trading above their 50-day and 200-day moving averages of $70.29 and $53.70, respectively. The stock has a Relative Strength Index (RSI) of 47.38. Visit Investor-Edge and access the latest research on LNG at:
Sneak Peek to Corporate Insider Trading
In the last one month, four insiders sold a total of 77,000 shares of Cheniere Energy Inc., worth $5.48 million at an average price of $71.10 a share. On July 15, 2014, Executive Vice President, Asset Group, R. Keith Teague offloaded 25,000 shares, while Greg W. Rayford, Senior Vice President and General Counsel sold 12,000 Cheniere Energy's shares. Charif Souki, Cheniere Energy Inc.'s Chairman disposed 30,000 shares on August 01, 2014. Whereas on August 04, 2014, Director, John Deutch sold 10,000 shares. Complimentary in-depth research on LNG is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
May. 24, 2016 09:00 PM EDT Reads: 1,776
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
May. 24, 2016 08:45 PM EDT Reads: 909
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 24, 2016 08:45 PM EDT Reads: 655
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 24, 2016 08:30 PM EDT Reads: 931
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 24, 2016 08:15 PM EDT Reads: 1,019
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
May. 24, 2016 07:45 PM EDT Reads: 884
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 24, 2016 07:15 PM EDT Reads: 962
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 24, 2016 06:30 PM EDT Reads: 722
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 24, 2016 06:00 PM EDT Reads: 4,639
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
May. 24, 2016 05:00 PM EDT Reads: 1,837
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
May. 24, 2016 04:15 PM EDT Reads: 1,817
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
May. 24, 2016 04:00 PM EDT Reads: 1,678
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
May. 24, 2016 04:00 PM EDT Reads: 2,348
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 24, 2016 02:15 PM EDT Reads: 2,072
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
May. 24, 2016 02:00 PM EDT Reads: 3,839