Bullish DD on Venture Global (VG), arguing its real LNG export ramp-up and 20-year take-or-pay contracts make its ~9–10x P/E cheap relative to peers, with litigation as the discount driver.
VG — LONG The author argues Venture Global is a long because it exports real LNG from Calcasieu Pass and Plaquemines with ~100 cargoes (~372 TBtu) shipped in Q3 2025 and ~5+ MTPA of recent 20-year customer contracts (Eni, PETRONAS, Naturgy, SEFE, Atlantic-SEE, Tokyo Gas). He contends the ~9–10x P/E, versus Cheniere's ~11x and the ~18–20x energy sector average, reflects legal risk rather than disappearing LNG demand. The stated catalyst is settlements and legal clarity that would let the stock rerate. The main stated risk is that BP's ~$1B win plus open cases (Shell, Repsol, Galp) and IPO shareholder lawsuits bring more payouts and leave the stock stuck as dead money.
Long-term bet that LNG demand stays strong and lawsuits don’t get worse.
VG — LONG The author reports holding 6 VG $10 call LEAPS expiring 1/21/2028 at an average $2.28 as a directional bet that LNG demand stays strong and the litigation situation does not worsen. Returns on this position would track VG's underlying share price, not option premium P&L; the stated catalyst is legal settlements and clarity leading to a rerate. The stated risk is more litigation payouts that keep VG shares depressed.
6× $10 calls (LEAPS) exp 1/21/2028, avg $2.28
This Reddit post, published January 16, 2026, features u/pigeon_shit discussing VG. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/pigeon_shit · Tickers: VG