Venture Global Surges on ConocoPhillips LNG Deal

Venture Global (VG) has drawn fresh attention after announcing a long-term LNG Sales and Purchase Agreement with ConocoPhillips, covering 1.0 million tonnes per year for 20 years starting in 2030.

The agreement comes as Venture Global shares trade at US$12.77, with a strong year-to-date share price return of 81.39% and a 90-day share price gain of 14.74%. However, the company's 1-year total shareholder return is still down 6.57%, suggesting that momentum has picked up recently but long-term holders have yet to fully recover.

According to Simply Wall St, Venture Global now sits at a very different entry point after the ConocoPhillips deal and its recent sharp year-to-date run.