Update on LNG; couple of months ago I mentioned that Cheniere will do IPO called Cheniere Energy Partners LP Holdings (30 mln share); it will be traded under symbol CQH; what it does, Chenier is splitting CQP branch to separate safev (pipelines, storage tanks, ship loading stuff, etc.) and to more risky heavy investment early stage projects (the liquefaction trains that are being built). CQH will hold therefore 55.9% of the existing CQP People who own CQP shares will get $0.45 or so per each share - not cash; they will get it in CQH shares. As a result of this announcement (today), the LNG is today up a 3.75% and CQP is down some. This is for two reasons: 1) nobody (including me) really understands this move 2) CQP stock is seen as being diluted. Bottom line: it looks to me that CQP will keep paying their dividend, later the CQH stock holders will start getting some in 2015 or 2016, and at the end, I guess in 2016, LNG stock owners will start getting some serious chunks of money as dividend.
Posted on: Mon, 02 Dec 2013 19:08:52 +0000
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