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Abu Dhabi’s XRG agrees to acquire Shell's interest in Australia LNG project for $1.45bln

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Abu Dhabi’s XRG agrees to acquire Shell's interest in Australia LNG project for $1.45bln

By Staff WriterAbu Dhabi’s investment company XRG has agreed to acquire Shell’s 16.67% non-operated interest in an Australian liquefied natural gas (LNG) project for $1.45 billion.The North West Shelf acquisition gives XRG access to 14.3 million tonnes per annum of gas

Directly affected

  • SHEL Shell

    Named in this report.

  • NWCYY North West

    Named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.

  • XLE Energy Select Sector SPDR

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story.

  • EWA iShares MSCI Australia ETF

    iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).

  • UAE iShares MSCI UAE ETF

    iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“abu dhabi”).

  • LNG Cheniere Energy

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.

  • EQT Eqt

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
SHEL-0.17%+2.59%base-0.70%-2.97%-4.61%-5.49%
NWCYYNo price data for this ticker———————
UNG+6.94%+1.94%base+1.22%+2.94%+2.77%+3.66%
XLE+1.44%+2.16%base-0.83%-5.58%-7.74%-8.36%
USO+4.37%+7.30%base+0.90%-7.20%-5.48%-4.86%
BWET-1.54%+2.86%base-7.81%-22.25%-25.97%—
EWA+0.15%+0.71%base-1.14%+1.27%-0.49%-0.75%
UAE+2.37%-0.31%base-0.13%+4.87%+1.98%+3.36%
LNG-3.81%+2.35%base-0.14%-6.29%-9.55%-10.77%
EQT+2.63%-0.55%base-1.08%-4.23%-7.69%-9.40%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Abu Dhabi’s XRG agrees to acquire Shell's interest in Australia LNG project for $1.45bln TradingView

Source: TradingView

Energy

CompanyWhenMoveStatus
BWETthat day-7.81%final price
BWETthe next day-22.25%final price
BWETtwo days later-25.97%final price
BWETthree days earlier+2.86%final price
BWETfive days earlier-1.54%final price
EQTthat day-1.08%final price
EQTthe next day-4.23%final price
EQTtwo days later-7.69%final price
EQTthree days later-9.40%final price
EQTthree days earlier-0.55%final price
EQTfive days earlier+2.63%final price
EWAthat day-1.14%final price
EWAthe next day+1.27%final price
EWAtwo days later-0.49%final price
EWAthree days later-0.75%final price
EWAthree days earlier+0.71%final price
EWAfive days earlier+0.15%final price
LNGthat day-0.14%final price
LNGthe next day-6.29%final price
LNGtwo days later-9.55%final price
LNGthree days later-10.77%final price
LNGthree days earlier+2.35%final price
LNGfive days earlier-3.81%final price
SHELthat day-0.70%final price
SHELthe next day-2.97%final price
SHELtwo days later-4.61%final price
SHELthree days later-5.49%final price
SHELthree days earlier+2.59%final price
SHELfive days earlier-0.17%final price
UAEthat day-0.13%final price
UAEthe next day+4.87%final price
UAEtwo days later+1.98%final price
UAEthree days later+3.36%final price
UAEthree days earlier-0.31%final price
UAEfive days earlier+2.37%final price
UNGthat day+1.22%final price
UNGthe next day+2.94%final price
UNGtwo days later+2.77%final price
UNGthree days later+3.66%final price
UNGthree days earlier+1.94%final price
UNGfive days earlier+6.94%final price
USOthat day+0.90%final price
USOthe next day-7.20%final price
USOtwo days later-5.48%final price
USOthree days later-4.86%final price
USOthree days earlier+7.30%final price
USOfive days earlier+4.37%final price
XLEthat day-0.83%final price
XLEthe next day-5.58%final price
XLEtwo days later-7.74%final price
XLEthree days later-8.36%final price
XLEthree days earlier+2.16%final price
XLEfive days earlier+1.44%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“Abu Dhabi’s XRG agrees to acquire Shell's interest in Australia LNG project for $1.45bln” scores 12 out of 100. The score uses 1 sources.