Bill Baruch, Founder, Blue Line Capital Cheniere Energy Inc LNG-A PARTIAL SELL Feb 16, 2024

We again reiterate LNG as a TOP PICK.  Cash reserves are growing, which is allowing the company to allocate another $4 billion towards capital expansions while receiving investment-grade credit status.  Its Corpus Christi Stage 3 project will see first LNG later this year.  It trades at 18x earnings and supports a robust 78% ROE.  We suggest trailing up the stop (from $140) to $153, looking to achieve $198 -- upside potential of 19%.  Yield 1.0%   

Our PAST TOP PICK with LNG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $153) to $177 at this time.

Our PAST TOP PICK with LNG has achieved its target at $188.  To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $177.

Our PAST TOP PICK with LNG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $177) to $195 at this time.  

Our PAST TOP PICK with LNG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $195) to $215 at this time.  

Our PAST TOP PICK with LNG has triggered its stop at $215.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 33%, when combined with our previous guidance.