A Speculative Energy Play
Cheniere Energy is a speculative play on liquefied natural gas that may be worth looking into, Cramer said Monday.
The company has three natural gas receiving terminals, although only one is active, and 94 miles of pipeline. But what Cramer likes most is that the company plans to build a liquefied natural gas export facility that should be up and running by 2015, as long as it gets approval from the Federal Energy Regulatory Committee.
But make no mistake, he said, the name is “as speculative as it gets.” The company has no earnings until 2015 and it’s a small company with a $665 million market cap. The stock has shot up about 150 percent in the last twelve months, and is a “wild trader.”
To find out more about Cheniere, Cramer spoke to its Co-Founder, Chairman and CEO, Charif Souki. To see the full interview, watch the video.
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