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Cheniere Energy (AMEX: LNG) builds liquefied natural gas terminals and natural gas pipelines. It is a smaller energy company that also participates in oil and gas exploration and development in the Gulf of Mexico.
Should oil continue on its current trajectory, demand for natural gas will increase at a greater rate. LNG suffered from increased competition from larger players that entered the space when oil prices were rocketing higher and a large amount of debt on its balance sheet. The credit crisis pushed shares to the brink, but retirement of certain notes in exchange for common stock reduces LNG's interest expense and provides liquidity for the foreseeable future.
The stock has rallied hard since bottoming last fall, and I expect those gains to continue.
I rate LNG a B or Buy.
Click here for the complete list of top oil stocks to buy now.
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