RBC Capital initiated coverage of Venture Global (VG) with an Outperform rating and $20 price target Venture s a low-cost producer of liquefied natural gas that is well positioned for growth as its liquefaction projects come online, the analyst tells investors in a research note. The firm says that given its model, the company can benefit from LNG sales during the longer commissioning process. In addition, Venture generates “highly visible” contracted cash flow with upside potential, adds RBC.
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