Venture Global closes below IPO price in disappointing debut despite Trump's support of LNG industry

"The Trump administration has made very clear they support growing LNG exports," Venture CEO Mike Sabel told CNBC in an interview Friday.

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LNG exporter Venture Global dips below IPO price in its trading debut

The energy company raised $1.75 billion by pricing 70 million shares at $25, the middle of its reduced $23 to $27 price range.
MarketWatch - 4h
Trump calls on Opec to push down global oil prices

US president tells World Economic Forum he will insist central banks lower interest rates ‘immediately’ afterwards
Financial Times - 1d
LNG exporter Venture Global slashes IPO price range despite President Trump’s pro-energy push

Venture Global is now seeking a more reasonable valuation of about $65 billion, versus earlier plans for about $110 billion.
MarketWatch - 1d
Oil majors brace for falls in LNG revenues as prices stabilise

Profits expected to take hit as volatility drops in market that surged following Ukraine war outbreak
Financial Times - 3d
UK economy disappoints despite return to growth

Official figures show the economy grew by 0.1% in November, although that was lower than had been expected.
BBC News - Jan. 16
US LNG industry poised to expand as Trump vows to lift restrictions

S&P finds ramp-up of exports could add $1.3tn to American economy in next five years with capacity expected to double
Financial Times - Jan. 14
Bitcoin may fall 20% to $73,000 if it breaks below this key support level

Bitcoin may face a downside potential to $73,000 if it breaks below its support level at around $90,680, according to Kim Kramer Larsson, analyst at Saxo Bank.
MarketWatch - Jan. 10