VG VG Venture Global, Inc. Loading... : Investor Sentiment and Bull/Bear Views

The author states they have a position in VG driven by an ongoing conflict that they expect will not end soon, and they have been buying the dips. The thesis is that persistent geopolitical conflict supports the stock. No specific catalyst or risk is detailed.

Venture Global gave investors a bad taste with contract decisions, and the stock has been stuck around $13. Cramer does not see as much upside as he would like and prefers Cheniere Energy for LNG exposure.

VG’s executed pipeline of 69.4 MTPA by 2028 and $8.2–8.5B projected 2026 EBITDA implies a forward EV/EBITDA of ~3-4x vs. Cheniere at ~10x, suggesting significant upside if execution continues. The market hates VG due to lawsuits and perceived corporate governance issues, creating a dislocation between current price (~$11, $27B market cap) and the intrinsic value of a top-tier LNG exporter. A favorable BP settlement or further project progress could trigger a re-rating. VG is a high-risk/high-reward long on a successful resolution of legal overhang and continued modular LNG scale-up. Entry at current levels offers asymmetric upside if management hits guidance. BP arbitration damages exceed $2B; construction delays at Plaquemines/CP2; LNG price downturn; additional customer lawsuits; equity dilution from further debt/equity raises.