End of the line
Cheniere Energy Inc. (LNG) stock has been on the rip since the Russian invasion on Ukraine in Febuary of '22. Russian invasion has shaken the global flows of natural gas and has enabled USA to replace Russia as dominant supplied of natural gas to Europe.
Cheniere is the company which basically dominates the shipping of LNG across the Atlantic, so its no wonder their stock did more than 50% since the start of the war.
As Natural gas, and energy prices in general, are slowly correcting to pre-war levels it makes sense for LNG stock to correct to its former support. It happens that support at about $120 is the same support which was tested after the war broke out, and the stock broke out to new highs.
Cheniere is the company which basically dominates the shipping of LNG across the Atlantic, so its no wonder their stock did more than 50% since the start of the war.
As Natural gas, and energy prices in general, are slowly correcting to pre-war levels it makes sense for LNG stock to correct to its former support. It happens that support at about $120 is the same support which was tested after the war broke out, and the stock broke out to new highs.
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