The Zacks Analyst Blog Highlights: Cheniere, Sinopec, Royal Dutch, Chevron And Dominion
Zacks Investment Research | Mar 05, 2019 09:08PM ET
For Immediate Release
Chicago, IL –March 6, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cheniere Energy, Inc. (NYSE:LNG) , Sinopec (NYSE:SNP) , Royal Dutch Shell (LON:RDSa) plc (NYSE:D) , Chevron (NYSE:CVX) and Dominion Energy Inc. (NYSE:D) .
Here are highlights from Tuesday’s Analyst Blog:
LNG Exporters Set to Gain as U.S., China Approach Trade Truce
Anticipation that the United States and China are warming up to a trade deal helped boost sentiments across markets. Beijing has reportedly pledged to reduce retaliatory tariffs and other barriers on American products, while Washington is set to reciprocate with the rollback of most, if not all, tariffs imposed on at least $200 billion worth of Chinese goods since last year.
The expected improvement of the Sino-U.S. relationship should also act as a major tailwind for the global liquefied natural gas (or LNG) market as China is the second biggest importer of LNG behind Japan.
In particular, shares of Cheniere Energy, Inc. gained around 1.6% on Monday on reports that the U.S.’s only listed LNG export pure play will supply about $18 billion of natural gas chilled to liquid form as part of a long-term contract with China’s state-owned Sinopec.
Let’s look at the potential implications for LNG exports in light of the reports that the two world’s largest economies are on the verge of forging a deal to end their bitter year-long trade dispute. We also examine how this de-escalation of the tariff war will impact Cheniere Energy and its future growth.
Strong LNG Demand Growth in China
Per the Anglo-Dutch energy giant Royal Dutch Shell plc’s Zacks Investment Research
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