What if LNG-export super-cycle re-rates US gas-equity value chain?
A wave of new US liquefaction capacity coming online lifts feedgas demand and contracted cash flows, re-rating Cheniere, Sempra and gas-levered E&Ps on a multi-year export super-cycle.
Every number ships with its receipt — the odds, the range, the precedents, and a public grade at Reality Check. The statistical machinery that produces it is proprietary.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a risk-on shock. A wave of new US liquefaction capacity coming online lifts feedgas demand and contracted cash flows, re-rating Cheniere, Sempra and gas-levered E&Ps on a multi-year export super-cycle. The trigger decomposes into signed root‑shocks — Natural gas ▲ · Oil demand ▲ · Risk appetite ▲ — which propagate through our causal graph to the markets below.