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Bill Baruch, Founder & President Blue Line Capital, joins CNBC's “Halftime Report” to explain why he's buying Cheniere Energy here.
Cheniere Energy (LNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Air Products forecast lower-than-expected fourth-quarter profit on Thursday and narrowed its full-year earnings expectation as weak helium demand, project exits and the impact of a prior LNG business sale continued to weigh on volumes.
The UP World LNG Shipping Index surged 2.98%, outpacing the S&P 500, driven by higher volume and a return above key support. Japanese shipping companies led gains, with "K" Line, MOL, and NYK Line all approaching or testing resistance levels, signaling sector strength. Technical indicators, including moving averages and Bollinger Bands, point to further growth, supported by the EU-US LNG sales agreement.
Oilfield services provider Baker Hughes (BKR) has reached a deal to acquire liquified natural gas equipment manufacturer Chart Industries (GTLS) in an all-cash deal worth $13.6 billion.
U.S. equities were mhigher at midday after President Donald Trump and European Commission President Ursula von der Leyen announced a new trade agreement between the U.S. and the European Union. The Dow Jones Industrial Average, Nasdaq, and S&P 500 all rose.
Key Points in This Article: The U.S.
US liquefied natural gas (LNG) producers were boosted on Monday by a new trade agreement between the European Union and the US, under which the EU has pledged to purchase $750 billion of US energy products. The EU will spend $250 billion per year over the next three years on energy products, including LNG, as it seeks to reduce its dependence on Russian gas.
Shares of liquified natural gas companies are rising after the EU agreed to buy $750 billion of energy from the U.S. EU President Ursula von der Leyen said the purchases would help reduce Europe's dependence on Russian oil and gas.
Global demand for liquefied natural gas (LNG) could soar 60% by 2040, fueled by economic growth in Asia, artificial intelligence (AI), and other catalysts. This growing demand for the clean-burning fuel should benefit companies focused on supporting the global LNG trade.