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I’m adding Cheniere Energy (LNG) to my Jubak’s Picks portfolio today with a target price of $34 by January 2014. Cheniere was the first company to get a license to export liquefied natural gas from the United States and it is on schedule to start shipping gas from the United States in 2015. Thanks to the natural gas from shale boom in the mid-continent U.S. natural gas sold on June 21 for $3.77 a million BTUs (British Thermal Units) in the United States, but liquefied natural gas sold for $9.58 in the United Kingdom, $14.10 in China, and $14.50 in Japan. Recently a second export project got a license in the United States, but that project isn’t scheduled to start exporting natural gas until 2017. That gives some idea of the lead-time that Cheniere has before other U.S. suppliers get into the market. The thing I like about Cheniere in the current economic environment is that the stock should go up, without any need for higher global economic growth to drive up natural gas demand or prices, as Cheniere gets closer and closer to first ship date. (Cheniere has another project waiting license approval as well.) For this stock, the driver is pretty much internal: As long as the project stays on schedule, the stock should climb. The shares were down 16.7% as of the close on Friday, June 21 from the May 17 high. This is the only stock in my list of that I’d buy now.

Full disclosure: I don’t own shares of any of the companies mentioned in this post in my personal portfolio. When in 2010 I started the mutual fund I manage, Jubak Global Equity Fund , I liquidated all my individual stock holdings and put the money into the fund. The fund did own shares of Cheniere Energy as of the end of March. For a full list of the stocks in the fund as of the end of March see the fund’s portfolio at