We recently published Ten stocks that already suffered damage in December. Venture Global Inc. (NYSE:VG) is one of the top performers on Monday.
Venture Global fell sharply on Monday to near its 52-week low as investors turned to profit-taking after two straight days of gains.
The stock closed the day off losing 7.91 percent to $6.87 apiece, just 13 cents below its 52-week low of $6.72, also mimicking the decline of Wall Street’s major indexes after a recent holiday boost.
Similarly, investors appeared to have already priced in Venture Global Inc.’s (NYSE:VG) announcement last week that it had secured a new sale and purchase agreement (SPA) with Tokyo Gas Co. Ltd. for the supply of 1 million tons per year of liquefied natural gas for 20 years. The agreement is scheduled to begin in 2030.
Venture Global Inc.’s (NYSE:VG) recent deal brought its total SPA in just the last six months to 7.75 million tonnes per year, following its previously signed agreements with Mitsui & Co., Ltd., See LNG Trade SA, Naturgy, Petronas and Securing Energy for Europe (SEFE) GmbH.
“With nearly 8 MTPA (million tonnes per year) of new long-term commitments signed this year, Venture Global is pleased to build on our commercial momentum through this new partnership with Tokyo Gas,” said Mike Sabel, CEO of Venture Global Inc. (NYSE:VG).
“Tokyo Gas is a pioneer in the LNG industry and a leading supplier of natural gas to Japan, and we look forward to working with them as we grow our position as a leading LNG supplier to Japan. This agreement will significantly contribute to the balance of trade between the United States and Japan over the duration of the SPA, providing Japan with affordable and reliable US LNG,” he noted.
While we recognize the potential of VG as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.