Cheniere Energy and Clean Energy Fuels Receive Bipartisan Support
September 02 2011 - 8:16AM
Marketwired
Natural gas is considered the cleanest-burning fossil fuel, and by
most estimates, electricity produced from natural gas results in
approximately half the Green House Gas emissions of coal-fired
power generation. President Obama has said that he believes natural
gas has "enormous" potential as a clean energy alternative to oil
and federal incentives to expand the use of natural gas in vehicles
are "an area of broad bipartisan agreement." The Bedford Report
examines investing opportunities in natural gas and provides stock
research on Cheniere Energy, Inc. (NYSE Amex: LNG) and Clean Energy
Fuels Corporation (NASDAQ: CLNE). Access to the full company
reports can be found at:
www.bedfordreport.com/LNG www.bedfordreport.com/CLNE
As Congress reconvenes this month, natural gas investors are
closely watching the status of the National Alternative
Transportation to Give Americans Solutions Act (NAT GAS Act). The
NAT GAS Act aims to provide incentives for the purchase of natural
gas trucks and to build refueling infrastructure across the US. In
what has become a rare occurrence in Washington these days, the NAT
GAS Act has received overwhelming bipartisan support. A bill
promoting natural gas vehicles was first introduced in 2008 by
archconservative Sen. James Inhofe (R-OK). The first NAT GAS Act
was soon introduced by a bipartisan coalition including Senate
Majority Leader Harry Reid (D-NV) and conservative champion Tom
Coburn (R-OK).
The Bedford Report releases equity research on the natural gas
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Clean Energy Fuels Corporation already has natural gas refueling
stations, and would likely be among the beneficiaries of the bill's
passage. Last month the company announced that it will receive $150
million from three investors. The company intends to use proceeds
from the sale to develop and operate liquefied natural gas fueling
stations. It will also use the money for delivery trucks and
offloading facilities.
Cheniere Energy is primarily engaged in Liquefied Natural Gas
related businesses, and owns and operates the Sabine Pass LNG
terminal and Creole Trail pipeline in Louisiana. Cheniere reported
a net loss of $47.2 million, or $0.67 per share, for the three
months ended June 30, 2011.
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