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timhyma

12/08/15 7:56 AM

#108442 RE: EZ2 #108441

Despite the drop in natural gas and crude prices, activist investor Carl Icahn has raised his stake in struggling Cheniere Energy (NYSEMKT:LNG), marking the eighth time he upped his holdings in the company since taking an initial 8.2% position in August. According to a Dow Jones report, the billionaire boosted his stake to 13.8% from 12.7% previously. The stock is now up slightly premarket following a day in which it slid 5.4%. It has plummeted more than 40% this year.