UBS Maintains Buy on Venture Global, Inc. (NYSE:VG) And Cited Arbitration Resolution as Key Catalyst

TheFly reported connected January 22 that UBS lowered its terms people connected VG to $16 from $18 portion maintaining a Buy rating. The update followed VG’s palmy arbitration determination with Repsol (REPYY), which the institution cited arsenic a important lawsuit successful its astir caller probe note.

Venture Global, Inc. (NYSE:VG) besides reported a time earlier connected January 21 that the International Chamber of Commerce International Court of Arbitration had informed Venture Global Calcasieu Pass, LLC which is an indirect subsidiary of VG, that a last grant had been issued successful the antecedently disclosed arbitration proceedings with Repsol LNG Holding, S.A. related to LNG income from the Calcasieu Pass task nether a semipermanent LNG income and acquisition agreement.

Venture Global, Inc. (NYSE:VG) is simply a U.S. vigor institution and 1 of the largest exporters of liquefied earthy state (LNG). It develops and operates LNG accumulation facilities on the Gulf Coast, supplying semipermanent planetary contracts and integrated proviso concatenation services, including state production, transport, shipping, and regasification.

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Disclosure: None.