Venture Global Could Be 21% Below Fair Value After New LNG Deal and Estimate Cut
FROM THE WIRE · FINANCE.YAHOO.COM
New LNG contract and earnings revision put Venture Global in focus Venture Global (VG) has drawn fresh attention after a new long term LNG sales deal with ConocoPhillips, alongside an earnings estimate cut that reflects basis differential headwinds. The new Sales and Purchase…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA new 20-year LNG contract with ConocoPhillips supports Venture Global, but EBITDA estimate cuts create headwinds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Venture Global signed a new long-term LNG sales agreement with ConocoPhillips for 1.0 million tonnes per annum from 2030 for 20 years.
- 02RBC Capital Markets reduced its Q3 adjusted EBITDA estimate while maintaining a positive view on the stock.
- 03Venture Global shares trade at US$13.16 after a 14% pullback over one month, despite 87% year-to-date returns.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Venture Global, Inc.13.16 USDMarket closedtoday -0.98%Neutral ConocoPhillips134.10 USDMarket closedtoday -0.07%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets