Venture Global, Inc. (NYSE:VG) is one of the stocks that received Jim Cramer’s latest comments. Cramer called the stock’s price action “disastrous,” as he said:
“The quality of some of this year’s largest deals is certainly questionable, at least as judged by the market. The largest deal, a $1.75 billion offering… Venture Global, a liquified natural gas infrastructure play in January, has been very disappointing. The company raised $1.75 billion at $25 per share. It’s now just over $7. That’s disastrous.”
Photo by AlphaTradeZone
Venture Global, Inc. (NYSE:VG) develops and operates LNG facilities and handles natural gas liquefaction, transport, shipping, regasification, and sales. Cramer highlighted the stock during the July 28 episode and stated:
“The other LNG exporter that investors seem to be liking today was a real controversial one, Venture Global, which just came public in January this year and initially looked like a gigantic bust. But with its stock falling from an IPO price of 25, all the way down to 6.75, its lows in April before rebounding to around 15% today, this one’s getting attractive. Venture Global was controversial because they did something a little shady. They sold LNG cargoes at high spot prices a couple years ago, even though they’d previously agreed to lower price exports with the first customers they’d signed.
While we acknowledge the potential of VG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
-1024x768.jpg "Red Snapper Used as Cudgel by Fed Judge")
