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Fly News Breaks for May 13, 2019
LNG
May 13, 2019 | 12:42 EDT
Gabelli analyst Matthew Trusz initiated coverage of the liquefied natural gas, or LNG, market, starting Cheniere Energy with a Buy rating. Demand will significantly exceed current supply by 2025, led by Chinese growth, said Trusz. Cheniere Energy is the only public pure-play LNG developer with operating liquefaction facilities and has strong earnings leverage on future capacity expansion, said Trusz, who sees the stock as undervalued.
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