Mar. 13 at 5:56 PM
$VG At least RBC has acknowledged the impact but still this is a prime example of what I am calling "typical wall street initial down playing of a major market impacting event": How they are guessing only a couple billion added is a real head scratcher. Perhaps they down play while they load up is the only explanation that makes sense for this drivel:
"Venture Global (VG) could benefit from higher global liquefied natural gas prices, which would drive better-than-expected financial results, RBC Capital Markets said in a Thursday note.
According to the analysts, the Middle East conflict could be a tailwind for the company's open capacity given the impeded cargoes through the Strait of Hormuz and closure of Qatar's Ras Laffan facility.
The brokerage said it now expects 2026 and 2027 adjusted EBITDA of
$6.83 billion and
$5.01 billion, respectively, from
$4.73 billion and
$3.63 billion earlier."
