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Why Venture Global Rallied 37.9% in May
Shares of LNG export company Venture Global (NYSE: VG) rallied 37.9% in May, according to data from S&P Global Market Intelligence.Venture Global reported earnings during the quarter, but actually missed estimates. Still, management's forward commentary on the start-up of its second LNG export facility encouraged investors. In addition, the company later received a key permit allowing it to begin construction of its third LNG export facility. With the stock and natural gas prices having moved lower in April on fears over "Liberation Day" and its economic consequences, Venture Global was therefore able to bounce back with a vengeance in May.Continue reading
Shares of LNG export company Venture Global (NYSE: VG) rallied 37.9% in May, according to data from S&P Global Market Intelligence.
Venture Global reported earnings during the quarter, but actually missed estimates. Still, management's forward commentary on the start-up of its second LNG export facility encouraged investors. In addition, the company later received a key permit allowing it to begin construction of its third LNG export facility.
With the stock and natural gas prices having moved lower in April on fears over "Liberation Day" and its economic consequences, Venture Global was therefore able to bounce back with a vengeance in May.
