Oil & Gas Pipelines New Highs: Cheniere Energy (NYSEMKT:LNG), ETE, Pembina Pipeline (NYSE:PBA), Sunoco Logistics Partners (NYSE:SXL)

The Audit Committee of the Board of Directors of Cheniere Energy, Inc. (NYSEMKT:LNG) approved the appointment of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2014, and approved the dismissal of Ernst & Young LLP (“EY”) as its independent registered public accounting firm. Cheniere Energy, Inc. (NYSEMKT:LNG) shares after opening at $55.29 moved to $56.03 on last trade day and at the end of the day closed at $54.45 . Company price to sales ratio in past twelve months was calculated as 45.17 and price to cash ratio as 12.56. Cheniere Energy, Inc. (NYSEMKT:LNG) showed a positive weekly performance of 0.52%.

Energy Transfer Equity LP (NYSE:ETE) has leased 131,000 square feet under construction southeast of the corner of Dallas North Tollway and Northwest Highway in the Preston Center business district. Energy Transfer Equity LP (NYSE:ETE) shares advanced 0.86% in last trading session and ended the day on $46.83. ETE return on equity ratio is recorded as 13.10% and its return on assets is 0.40%.  Energy Transfer Equity LP (NYSE:ETE) yearly performance is 68.15%.

Pipeline company Pembina Pipeline Corp (NYSE:PBA) reported on Wednesday that it will be included in the S&P/TSX 60 index effective with the opening of market on 1 April 2014. Pembina Pipeline Corp (NYSE:PBA) shares moved up 3.95% in last trading session and was closed at $37.35 while trading in range of $36.92 – $37.57 – Pembina Pipeline Corp (NYSE:PBA) year to date (YTD) performance is 6.78%.

Energy pipeline and terminal operator,Sunoco Logistics Partners LP (NYSE:SXL) closed a portion of its Mid-Valley pipeline system, after the pipeline spilled considerable amount of crude oil near the Great Miami River in southwest Ohio. All necessary cleanup activities are in progress. Moreover, the spread of the spilled oil has been restricted. Sunoco Logistics Partners L.P. (NYSE:SXL) weekly performance is 2.50%. On last trading day company shares ended up $86.85.  Sunoco Logistics Partners L.P. (NYSE:SXL) distance from 50-day simple moving average (SMA50) is 8.58%. Analysts mean target price for the company is $81.25.

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