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Stock impact report

Venture Global (VG) Soars 20.7% on LNG Crisis [Yahoo! Finance]

Venture Global, Inc. Class A common stock (VG) 
Last venture global, inc. class a common stock earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vonage.com
Company Research Source: Yahoo! Finance
Venture Global grew its share prices by 20.7 percent week-on-week, as investors poured funds into energy stocks on bets that the industry would continue to benefit from the ongoing tensions in the Middle East. The last trading week also marked its third straight week of gains. Month-to-date, the company has already soared by as much as 73 percent. VG Venture Global's Plaquesmine facility. Photo from Venture Global website The rally was primarily supported by a missile attack that hit the Ras Laffan natural gas hub in Qatar earlier in the week, causing extensive damage and estimated revenue losses of as much as $20 billion. Assuming tensions in the Middle East subside, economists still expect LNG prices to remain elevated as it would take at least five years for the facility to be repaired. The Ras Laffan LNG facility is a cornerstone of the global energy market, accounting for a fifth of the world's LNG supply. In other news, Venture Global Inc. (NYSE:VG) recently raise Show less Read more
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