Wall Street Recommendations for Cheniere Energy Partners
It’s important to note that 66.7% of analysts rated Cheniere Energy Partners as “buy,” while the remaining 33.3% rated the company as “hold.”
Cheniere Energy Partners’ (CQP) March presentation stated that Trains 1 and 2 were ~83% complete. It expects Train 1 to come online later this year.
For 1Q15, analysts are expecting Cheniere Energy Partners’ revenue to come in at $67.1 million. The loss per share estimates have been pegged at -$0.113.
Cheniere Energy Partners (CQP) is scheduled to release its earnings for 1Q2015 on April 29. Its stock closed at $31.93 as of April 22.
Being underwater doesn’t necessarily mean a borrower will stop paying—in fact, the vast majority of underwater homeowners are current on their mortgages.
As home prices rise, previously underwater homeowners gain the ability to refinance. This increases prepayment speeds.
February home prices grew 0.7% month-over-month, up 5.4% year-over-year. Prices are now within 2.9% of their April 2007 peak.
For our analysis of midstream movers, we’ve selected only midstream companies with market capitalizations of over $1 billion and 30-day average daily volumes over 500,000 shares.
Investors have been switching out of Ginnie Mae TBAs and into Fannie Mae TBAs. Mortgage REITs are big users of TBAs and can quickly increase or decrease exposure.
When TBAs rally, it means capital gains for mortgage REITs. These gains increase TBAs’ returns, especially when added to their interest income.
With a focus to draw first-time homebuyers into the market, the government has announced measures to increase credit availability for new homebuyers.
Last week was a milestone in the European bond market, where the German Bund yield went below 10 basis points in yield.
There are basically two types of state foreclosure laws: judicial and non-judicial.
Refinancing activity affects prepayment speeds—a critical driver of mortgage REIT returns. When interest rates fall, those who can refinance at a lower rate do.
A drop in rates should spur more activity and make housing more affordable, even without home prices falling.
The refi boom dried up in late 2013, credit has been tight, and first-time homebuyers have been on the sidelines. If low rates are here to stay, 2015 could be a good year for origination.
Midstream movers last week included top gainer Targa Resources Partners (NGLS), with a ~7.4% increase, and top loser, MarkWest Energy Partners (MWE).
Refinances have continued, driven mainly by home price appreciation and not interest rates. With interest rates falling, should REITs fear another refi wave?
QE has increased the size of the Fed’s balance sheet almost eightfold since the turn of the century, from just more than $500 billion in 2000 to $4.5 trillion currently.
Credit conditions are generally strong elsewhere, so there has to be something going on in the mortgage credit market. Regulatory conditions are making banks reluctant to lend.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.