Venture Global initiated with a Buy at BofA

BofA initiated coverage of Venture Global (VG) with a Buy rating and $23 price target Venture Global’s unique modular approach should give them a cost structure and speed to market that could undercut most LNG projects, argues the analyst. This could lead to significant market share capture, adds the analyst, who forecasts Venture growing production to 80.8 MTPA and $11.8B of run rate EBITDA by 2030.