SAC Capital Bets on Natural Gas Firm Cheniere Energy

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Cheniere Energy (AMEX:LNG) shares are staked in hedge fund SAC Capital with a 5.7% position. The investment shows a vote of confidence from SAC Capital as it attempts to convert its liquefied natural gas import terminal in Louisiana to an export facility for shipping low-priced natural gas overseas.

Here’s how Cheniere Energy, Natural Gas and Oil are trading today:

United States Natural Gas Fund (NYSE:UNG): UNG shares recently traded at $6.48, down $0.06, or 0.92%. They have traded in a 52-week range of $ to $34.32%. Volume today was 1.28B shares versus a 3-month average volume of N/A shares. The company’s trailing P/E is Commodities Energy, while trailing earnings are $United States Commodity Funds LLC per share.

United States Oil Fund (NYSE:USO): USO shares recently traded at $38.31, up $0.21, or 0.55%. They have traded in a 52-week range of $ to $0.56%. Volume today was 1.12B shares versus a 3-month average volume of N/A shares. The company’s trailing P/E is Commodities Energy, while trailing earnings are $United States Commodity Funds LLC per share.

Cheniere Energy, Inc. (AMEX:LNG): LNG shares recently traded at $8.72, up $0.01, or 0.11%. They have traded in a 52-week range of $3.17 to $12.86. Volume today was 2,553,032 shares versus a 3-month average volume of 4,819,730 shares. The company’s trailing earnings are $-3.30 per share.

To contact the reporter on this story: Tanya Harding at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

More Articles About:
Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business