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Venture Global Faces Arbitration Outcome with BP

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Venture Global Faces Arbitration Outcome with BP

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Venture Global, Inc. Class A ( (VG) ) has issued an announcement.

Venture Global Calcasieu Pass, LLC, a subsidiary of Venture Global, Inc., has resolved an arbitration with a post-COD SPA customer related to the Calcasieu Pass facility, with no material impact on the company. However, the International Chamber of Commerce issued a partial final award in an arbitration with BP Gas Marketing Limited, finding that Venture Global breached obligations under their LNG sales agreement, with remedies to be determined in a future hearing. The company is evaluating its options in response to the tribunal’s decision, which does not affect the current terms of the agreement with BP.

The most recent analyst rating on (VG) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Venture Global, Inc. Class A stock, see the VG Stock Forecast page.

Spark’s Take on VG Stock

According to Spark, TipRanks’ AI Analyst, VG is a Neutral.

Venture Global’s overall stock score is driven by strong earnings call performance and positive corporate events, which are offset by financial instability and bearish technical indicators. The company’s high leverage and negative cash flow present significant risks, while recent strategic achievements provide a positive outlook.

To see Spark’s full report on VG stock, click here.

More about Venture Global, Inc. Class A

Venture Global, Inc. operates in the energy sector, focusing on the production and supply of liquefied natural gas (LNG). The company is involved in long-term contractual relationships to provide low-cost U.S. LNG to its customers.

Average Trading Volume: 7,021,566

Technical Sentiment Signal: Hold

Current Market Cap: $31.32B

Learn more about VG stock on TipRanks’ Stock Analysis page.

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