- Cheniere Energy has been a hotly followed stock, to the point that its Q1 2022 results were expected to set off fireworks.
- Cheniere Energy didn't disappoint, and it raised its 2022 free cash flow estimates, even though it incurred $3.5 billion in hedging losses.
- The one blemish in this thesis is that LNG carries a substantial amount of debt, at approximately $30 billion.
- Nevertheless, at approximately 6x this year's free cash flow, the business is very well positioned to offer investors ample upside.
- As always, happy to discuss my thesis further in the comments section.
For further details see:
Cheniere Energy: 2022 Guidance Raised, Priced At 6x FCF, What You Need To Know