Aegean Marine Petroleum (ANW) and Cheniere Energy Partners (CQP) carry the best leadership credentials.

Aegean Marine Petroleum (ANW) and Cheniere Energy Partners (CQP) carry the best leadership credentials.

Aegean Marine is a global fuel depot operator. It owns and operates sites where seagoing ships can refuel in Africa, Asia, Europe and the Middle East. The company rides the coattails of the global shipping trades: Demand for tankers and dry-bulk carriers means demand for Aegean’s fuel.

Aegean is also in the midst of a global consolidation based on regulations requiring a transition from single- to double-hull floating fuel barges. The transition — begun in 2008 and to be completed by 2015 — is squeezing smaller operators out of many markets. That opens broad opportunities for Aegean.

Cheniere Energy owns a 90% interest in the Sabine Pass liquefied natural gas facility, the largest LNG receiving terminal in the U.S.

“We believe units of (Cheniere) have rallied on hopes that 2010 will provide an influx of LNG into the U.S. [Read the full article]

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The Reuters-Jefferies CRB index, a commodities bellwether that tracks 19 mostly U.S.-traded futures markets, rose almost half a percent to end higher for the first time in four sessions.

Financial markets tumbled after President Obama voiced plans last Thursday for tougher regulations on Wall Street. They rebounded as signs that Federal Reserve Chairman Ben Bernanke would get a second term eased another concern for investors.

“The slump of the last week might be considered by some bargain hunters as being an excessive one,” said Eugen Weinberg, analyst at Commerzbank, explaining one possible motive for the rebound.

But the dollar’s continued resilience limited gains in commodities. It partly rose on the Bernanke news, making dollar-denominated commodities costlier for users of the euro, yen and other currencies.

New York’s key March raw sugar contract jumped almost 5% to hit a lifetime top of 30.10 cents. [Read the full article]

Although iShares MSCI Japan Index (EWJ) was one of the worst performing country ETFs last year, returning a paltry 2% vs. 23% for the benchmark MSCI EAFE Index, it has been bucking the global sell-off.

The 329-stock ETF has gained 3.6% in the past month, while the developed market index skidded 1.7%. It’s trading only 2% below its 52-week high, while the EAFE index hangs 5% below that peak.

EWJ has broken out of a four-month, double-bottom-with-handle base. It hit a 15-month high in mid-January. But it’s trading a steep 37% below its all-time high of 16.56 — reached twice in 2000 and 1996.

The index is undervalued relative to the U.S. and both the developed and emerging markets, analysts say. [Read the full article]

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