Jim Cramer on Venture Global: “This One’s Getting Attractive”

Venture Global, Inc. (NYSE:VG) is one of the stocks Jim Cramer highlighted as potential winners from the US-EU deal. While discussing it during the episode, Cramer said that it seems like a “potential beneficiary” from the trade news. He commented:

“The other LNG exporter that investors seem to be liking today was a real controversial one, Venture Global, which just came public in January this year and initially looked like a gigantic bust. But with its stock falling from an IPO price of 25, all the way down to 6.75, its lows in April before rebounding to around 15% today, this one’s getting attractive. Venture Global was controversial because they did something a little shady. They sold LNG cargoes at high spot prices a couple years ago, even though they’d previously agreed to lower price exports with the first customers they’d signed.

All that said, this does seem to be a potential beneficiary from the trade… news because last year, Venture Global signed a deal to send liquified from Louisiana to Central and Eastern Europe via a receiving terminal in Greece, and that’s why the stock shot up over 4% today. Just remember, a lot of their production is still locked up in these lower price contracts. There’s only so much potential upside here for Venture Global.”

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Venture Global (NYSE:VG) develops and operates natural gas liquefaction and export facilities. The company’s activities include transportation, shipping, regasification, and LNG sales.

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Disclosure: None. This article is originally published at Insider Monkey.