The best liquefied natural gas stocks to buy now? 4 names to know |
Are these the best liquefied natural gas stocks to invest in today?
Next to cannabis stocks and meme stocks, liquefied natural gas (LNG) stocks earn in the stock market today. Overall, that seems to be the case thanks to the latest update on President Joe Biden’s European trip. In short, the United States is now working with the EU to solve its energy problem. The new collaborative effort will serve to strengthen the region’s energy supply. At the same time, it would also help reduce the region’s dependence on Russian oil. The current treaty will see the United States supply 15 billion cubic meters of LNG to Europe this year.
Notably, all of this would see a lot of attention going to the leading liquefied natural gas stocks around now. In fact, the White House also notes that the volume of LNG exported will likely increase further in the future. As the world turns to alternative suppliers for its oil needs, LNG companies are thriving. So much so that they are actively expanding their offerings ExxonMobil (NYSE: XOM) and BP (New York Stock Exchange: BP) for example. For one, ExxonMobil is redirecting its excess LNG to power cryptocurrency mining rigs. On the other hand, BP is investing about $1.32 billion in electric vehicle (EV) charging over the next decade. With all this activity in space right now, these LNG stockpiles could be the focus of concern in the stock Exchange at present.
Liquefied natural gas stocks to watch now
Chesapeake Energy Corporation
Today we start with Chesapeake Energy, an LNG stock that engages in hydrocarbon exploration. In fact, the company is focused on the responsible discovery and development of its large and geographically diverse resource base of onshore unconventional oil and gas assets in the United States. The company also aims to achieve net direct GHG emissions by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, low-carbon energy. CHK stock has more than doubled in value in the past year alone.
Earlier this month, the company announced that it had completed the previously announced acquisition of Chief E&D Holdings and associated non-operating interests held by affiliates of Tug Hill Inc.
Nick Dell’Osso, President and CEO of Chesapeake, commented, “The Chief transaction deepens our premium inventory, allowing us to allocate additional capital to our world-class position in the Marcellus shale and accelerate returns for our shareholders. With the integration of these assets into our existing portfolio, we look forward to generating greater free cash flow, expanding our dividend programs and improving our GHG emissions metrics while continuing to deliver responsibly. reliable, affordable and low-carbon energy in 2022 and beyond. .” Given this news, are CHK stocks worth investing in?
Cheniere Energy Inc.
then, we have Energy Cheniere, one of the first American companies to export liquefied natural gas. It reliably provides clean, safe and affordable energy to meet growing global demand for natural gas.
The company is a full-service LNG supplier, with capabilities that include gas supply and transportation, liquefaction, vessel charter and LND delivery. It also has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on US LNG, which has also nearly doubled in value over the past year.
Last month, the company and EOG Resources (New York Stock Exchange: EOG) announced that they have amended their long-term gas supply agreement with Integrated Production Marketing (IPM) signed in 2019. They will extend the term and also triple the volume of LNG associated with natural gas supply under this long-term IPM transaction. The mutually beneficial long-term agreement will further leverage Cheniere’s infrastructure platform, capabilities and operations in Corpus Christi. All things considered, should investors be on the lookout for LNG stock?
Western Oil Company
Western Oil Company is an international energy company with assets primarily in the United States, the Middle East and North Africa. Impressively, the company is one of the largest oil producers in the United States and a leading producer in the Permian and DJ Basins, and offshore Gulf of Mexico.
Its midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas products. The company also has its subsidiary Oxy Low Carbon Ventures which advances advanced technologies and business solutions that economically grow its business.
On March 22, 2022, the company announced an agreement with a subsidiary of SK Trading International for the first net-zero oil created by combining crude oil with environmental attributes generated by the sequestration of atmospheric carbon dioxide captured through the Large Direct program. scale provided by 1PointFive. Air Capture (DAC) and sequestered in Occidental’s Enhanced Oil Recovery (EOR) reservoirs in the US Permian Basin. Occidental’s marketing subsidiary could offer SK Trading the option to buy up to 200,000 barrels of net zero oil per year for five years. That being said, would OXY stocks be on your list of top liquefied natural gas stocks to buy right now?
Last but not least, we have Shell. In short, it is a British multinational oil and gas company. As one of the biggest players in the global energy industry today, SHEL stock would now be on investors’ radars. For an idea of scale, the company operates in over 80 countries. Additionally, it sold 64.2 million tonnes of LNG throughout 2021. Additionally, Shell now has a market capitalization of over $207 billion. With everything going on in the energy sector right now, key names like Shell will likely continue to stay busy on the operational front.
Obviously, Shell is now working with a Chinese electric vehicle company, BYD Auto. Since the beginning of this week, the duo are now part of a strategic cooperation agreement. Thanks to this, they will join two joint ventures (JV) in China and Europe. According to BYD, they will establish a mobility service provider service in Europe.
This will see Shell provide membership services to BYD drivers on its electric vehicle charging network in the region. While in China, Shell will help BYD develop an extensive network of electric vehicle charging stations. The likes of which he estimates will initially include more than 10,000 terminals in Shenzhen, with plans for expansion. With all of this in mind, would you consider investing in SHEL shares?