Cheniere Energy Results Continue to Defy Conventional Wisdom of the LNG Market

Ask most oil and gas analysts or take a look at industry outlook presentations about liquefied natural gas and you will find one common theme among them: The recent completion of LNG export terminals means there is more supply than demand. If this were the case, then prices of LNG should be low today and Cheniere Energy's (NYSEMKT: LNG)results wouldn't be that great.

And yet, the LNG export specialist's most recent results paint a completely different picture. Not only did the company post better than expected results, but management raised its guidance for the second consecutive quarter.