In 2008, a Houston-based energy company saw an enormous opportunity. In June of that year, natural gas was selling for $14 per thousand cubic feet. At the time, it appeared the U.S. was going to run out of natural gas, and it seemed like the perfect time to build new import facilities and take advantage of increased demand. However, new hydraulic fracturing (fracking) technology changed the rules of the game. All of a sudden, natural gas was plentiful and cheap. As a result, gas prices plummeted. So what happened to the… Read More
In 2008, a Houston-based energy company saw an enormous opportunity. In June of that year, natural gas was selling for $14 per thousand cubic feet. At the time, it appeared the U.S. was going to run out of natural gas, and it seemed like the perfect time to build new import facilities and take advantage of increased demand. However, new hydraulic fracturing (fracking) technology changed the rules of the game. All of a sudden, natural gas was plentiful and cheap. As a result, gas prices plummeted. So what happened to the energy company eager to import natural gas? As you might expect, shares prices fell off a cliff. Since then, things have turned around for Cheniere Energy (NYSE: LNG). In fact, the stock has gained an astonishing 2,568% since bottoming out five years ago. If you’re a regular StreetAuthority reader, you’ve probably heard of Cheniere before. In December 2011, StreetAuthority resources expert Nathan Slaughter recommended Cheniere to the subscribers of his Junior Resource Advisor newsletter. Read More