Dark pool activity was detected in LNG stock on January 15, 2020.
We think the dark pool order was a buy order because of how LNG stock went up following the print.
We also have a news catalyst on January 15, 2020, that could drive the stock higher over the coming days. China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark phase 1 trade deal signed by the world’s two top economic superpowers. The purchases over two years will include liquefied natural gas, crude oil, refined products and coal.
We also think that the dark pool order was a buy order because of the bullish options flow on January 15, 2020, in LNG stock.
On November 21, 2019, Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced that it has received approval from the U.S. Federal Energy Regulatory Commission (“FERC”) to site, construct, and operate the Corpus Christi Stage 3 expansion project (“Corpus Christi Stage 3”). Corpus Christi Stage 3 is being developed for up to seven midscale liquefaction trains (“Trains”) with total aggregate expected nominal production capacity of approximately 10 million tonnes per annum (“mtpa”) of LNG. The Corpus Christi Stage 3 site is adjacent to the three liquefaction Trains operating or under construction at the Corpus Christi Liquefaction Project, and together the two projects are expected to have a total nominal production capacity of approximately 25 mtpa.
“We are pleased to receive regulatory approval from the FERC for Corpus Christi Stage 3, a critical milestone on the path to a positive final investment decision,” said Jack Fusco, Cheniere’s President and CEO. “Our continued progress on Corpus Christi Stage 3, including today’s regulatory approval and our continued commercial success, is a testament to the global competitiveness of the project and reinforces our confidence in our ability to expand our world-scale liquefaction platform in Corpus Christi.”
Cheniere expects to make a positive final investment decision on Corpus Christi Stage 3 in 2020 subject to, among other things, entering into an engineering, procurement, and construction contract, obtaining additional commercial support for the project, and securing the necessary financing arrangements.
On November 19, 2019, In a regulatory filing, Cheniere Energy disclosed that its CEO Jack Fusco bought 8.4K shares of common stock on November 19th. The total transaction size was $503K.
On November 14, 2019, we learned that Carl Icahn’s top five holdings as of September 30 were Icahn Enterprises, CVR Energy (CVI), Herbalife Nutrition (HLF), Caesars and Cheniere Energy.
What’s Next? Make Sure To Review This Lesson On Dark Pool Trading!
What’s Next? Make Sure To Review This Lesson On Options Flow Trading