Jun. 4 at 10:46 AM
$VG JPMorgan Upgrades VG to Overweight from Neutral, Raises PT to
$17 from
$16
https://x.com/wallstengine/status/2062458889317343434
Analyst comments: "Entering the year, concerns over an oversupplied LNG market dominated discourse, with soft spot LNG pricing weighing on VG’s high earnings sensitivity to short-term pricing. The conflict in the Middle East has since reset the LNG supply/demand backdrop, inducing significant volatility and underscoring the importance of diversified energy supply security. These changes stem from not only Qatari infrastructure damage that could take three to five years to repair, with the North Field East expansion project now delayed by a year, but also the question of a political risk premium previously not seen in the market. After enjoying a sharp rise at the conflict’s beginning, VG has given back much of the gains, and we believe the market underappreciates elevated LNG volatility continuing."
