Why Venture Global Stock Was Plummeting Today
Liquefied natural gas (LNG) exporter Venture Global (NYSE: VG) was having an awful Friday on the stock market following a surprising resolution to a legal dispute with a large business partner. In late afternoon trading, the company's shares were down a queasy 24%. That was a far steeper fall than the S 500 index's 2.3% slide at that point.
Various media outlets reported that Venture Global lost an arbitration proceeding against that partner, which is none other than global energy industry titan .
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Source Fool.com
