Jun. 15 at 1:39 AM
$VG
Yes, the exuberant DEAL news with Iran will bring down the energy sectors of Oil/Gas.
The current price drop is a sentiment-driven market correction as the immediate "war panic" subsides. However, because Middle Eastern LNG infrastructure suffered multi-year physical damage, the structural global shortage hasn't actually disappeared, leaving US exporters in a highly favorable competitive position for the foreseeable future.
Keep in mind as the dust settles from the "Deal or "NO DEAL" VG Management has been working hard & recently confirmed that 84% of Daily fluctuations in global spot prices don't automatically break those long-term take-or-pay agreements
VG just successfully closed a massive
$2.25 billion senior secured notes offering on June 11. This gives them a massive cash cushion to fund their expansions regardless of how volatile the stock market behaves this month.
Own it, don't trade it.
