Venture Global Put Buyers Gain Nearly $2 Million as Shares Slump
Employees and community stakeholders at the Venture Global Plaquemines liquefied natural gas export facility in Port Sulphur, Louisiana on March 6.
Photographer: Kathleen Flynn/BloombergAn investor who bought a large number of Venture Global Inc. put options last week is sitting on a paper profit of almost $2 million after shares plunged early Friday.
The liquefied natural gas developer’s stock dropped as much as 23% after the company lost an arbitration dispute with BP Plc over the sale of cargoes. It was a surprise, since Venture Global had prevailed in a similar case against Shell Plc.