This Houston-based liquefied natural gas exporter’s stock trades at an attractive valuation because the market “prices in too much risk” in terms of its exposure to energy prices, Mr. McSweeney says. Cheniere, the largest U.S. purchaser of natural gas, has two LNG export terminals on the Gulf Coast. However, 85 per cent of its LNG production goes to high-quality customers, such as foreign utilities, with take-or-pay contracts lasting 15 and 20 years.
”The Madrid-based infrastructure company – best known to Canadians for its stake in Ontario’s Highway 407 toll road – is a compelling investment because of its growth potential, Mr. McSweeney says. Strong traffic growth on Highway 407 – of which the controlling shareholder is Canada Pension Plan Investment Board – has enabled Ferrovial to raise prices and increase cash flow.
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