Cheniere Partners Closes Offering of Common Stock; Sold 8M Units for $25.07


27% profit every 20 days?

This is what Nic Chahine averages with his option 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.("Cheniere Partners") (NYSE: CQP) announced today the closing of itspreviously announced underwritten public offering of common units representinglimited partner interests of Cheniere Partners.  The previously announced8,000,000 common units were sold to the public at a price of $25.07 per unit. The net proceeds of the offering, after deducting underwriting discounts andestimated offering expenses, were approximately $194.0 million.  ChenierePartners intends to use the net proceeds from the offering to repay a portionof the $550 million principal amount outstanding of the 7.25% Senior SecuredNotes due November 2013 that was issued by Sabine Pass LNG, L.P., our whollyowned subsidiary, and, to the extent not so used, for general businesspurposes.

27% profit every 20 days?

This is what Nic Chahine averages with his option 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