** Shares of liquefied natural gas producer NextDecade NEXT.O surge as much as 26.8% to $7.58 on Tues after inking 20-yr supply deal with subsidiary of Saudi Aramco 2222.SE
** NEXT shares last up 7.2% at $6.41 in afternoon trading and on course for second straight day of gains
** Houston, Texas-based firm, which sports France's TotalEnergies TTEF.PA as its top investor, said Aramco subsidiary will buy 1.2 mln tonnes per annum of LNG from its Rio Grande Train 4 facility
** The agreement is subject to a positive financial investment decision $(FID.AU)$
** TotalEnergies owns ~44.9 mln NEXT shares, for ~17.2% stake, per LSEG data
** With move on Tues, NEXT shares still down ~16% YTD. Stock closed at $5.60 a year ago
** Of 4 analysts covering NEXT, 1 rates stock "strong buy", 2 rate "buy" and the other has "hold" recommendation and their median PT is $9.50, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.