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%
(A Top Pick Jun 20/24, Up 20.7%)Stockchase Research Editor: Michael O'Reilly
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.
(A Top Pick Jun 20/24, Up 31.1%)Stockchase Research Editor: Michael O'Reilly
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.
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.