Qatar Supply Shock Hands Cheniere a Window — A Mid-Run Swing Trade
Damage to Qatar's Ras Laffan and the resulting displacement of ~17% of global LNG supply created an outsized arbitrage for U.S. LNG exporters. Cheniere (LNG) is the largest U.S. liquefaction-capacity owner with cash generation and a valuation that still prices in execution risk. This trade targets a mid-term move as European demand and price spread…