4 Energy Stock Stories Sparking Investor Analyzation
Chevron Corporation (NYSE:CVX): Closing price $113.55
President Jeff Lehrmann of the firm’s Canadian division says that Chevron might explore the idea of expanding its proposed liquefied natural gas export terminal off Canada’s Pacific Coast. Lehrmann went on to explain that the company holds “vast amounts” of gas reserves in the Liard and Horn River formations in British Columbia near Kitimat that are not included in its project with Apache Corporation, observing that, “Over time, we’ll be looking at ways in which we could monetize that resource as well.” An expansion of the project from its capacity of 10 million tons per year of LNG, okayed by Canadian regulators in 2011, “could be one of the possible alternatives, absolutely.”
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