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LNG exporter Venture Global extends slide after lackluster debut

January 27, 202510:25 AM Reuters0 Comments

LNG Tanker ** Shares of Venture Global down 15.6% to $20.25 on Mon, a day after liquefied natural gas exporter’s disappointing NYSE debut

** VG shares on Fri closed at $24, 4% below their after co’s valuation fell well shy of high expectations

** VG had the targeted valuation after investors pushed back on its estimated long-term profit for export

** Weakness on the session comes amid in U.S. natgas futures on Mon on forecasts of over the next two weeks that should dent heating demand

** With move on Mon, VG shares have approx $49 bln market cap

** Shares of rival Cheniere Energy down 3.4% at $223.92, giving it current market value of ~$50.2 bln, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own))

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