Cheniere Energy Partners Prices Offerings of 3M Common Units at $15.25


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Cheniere Energy Partners, L.P. (NYSE: CQP) today announced the pricing of an underwritten public offering of 3,000,000 common units representing limited partner interests of Cheniere Partners and a concurrent offering to Cheniere Common Units Holding, LLC, a wholly owned subsidiary of Cheniere Energy, Inc., of 622,131 common units at the same price as the public offering, which was $15.25 per common unit. Citigroup is acting as underwriter of the public offering. Cheniere Partners granted the underwriter a 30-day option to purchase up to 450,000 additional common units to cover overallotments. If the underwriter does not exercise in full its option to purchase additional common units in the public offering, Cheniere Common Units Holding, LLC will purchase such unsold common units. Cheniere Partners estimates that the net proceeds from the offerings will be approximately $60 million. Cheniere Partners intends to use the net proceeds for general business purposes, including development costs of its expansion project to add liquefaction capacity at the Sabine Pass LNG terminal. The closing of the offering is expected to occur on September 19, 2011.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: NewsOfferings