Geopolitics Alpha

Dangote extends refinery share sale to Egypt

Published . Updated .

Dangote extends refinery share sale to Egypt

The sale will involve the use of depositary receipts, the same instruments that will be used to offer ownership to prospective shareholders in Botswana and Kenya.

Directly affected

  • No company is named in this report.

Indirectly affected

  • JPM JPMorgan Chase-3.9%

    Bank profits move with lending and interest rates

  • BAC Bank of America-18.5%

    Bank profits move with lending and interest rates

  • WFC Wells Fargo-6.4%

    Bank profits move with lending and interest rates

  • C Citigroup-11.7%

    Bank profits move with lending and interest rates

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+5.9%

    Oil producers earn more when crude prices rise

  • GS Goldman Sachs-9.8%

    Bank profits move with lending and interest rates

  • MS Morgan Stanley-11.0%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR-3.9%

    A fund of financial companies

  • KBE SPDR S&P Bank-3.4%

    A fund of bank stocks

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
WFCNo price data for this ticker———————
CNo price data for this ticker———————
XOM-3.27%-0.37%base+2.45%+2.00%+1.81%+1.92%
CVX-3.36%-0.70%base+2.56%+2.33%+2.87%+3.37%
GSNo price data for this ticker———————
MSNo price data for this ticker———————
XLFNo price data for this ticker———————
KBENo price data for this ticker———————

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.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Dangote extends refinery share sale to Egypt Semafor

Source: Semafor

Energy

CompanyWhenMoveStatus
COPthat day+3.38%final price
COPthe next day+2.48%final price
COPtwo days later+2.98%final price
COPthree days later+2.80%final price
COPthree days earlier-0.58%final price
COPfive days earlier-5.37%final price
CVXthat day+2.56%final price
CVXthe next day+2.33%final price
CVXtwo days later+2.87%final price
CVXthree days later+3.37%final price
CVXthree days earlier-0.70%final price
CVXfive days earlier-3.36%final price
MPCthat day+0.34%final price
MPCthe next day-0.46%final price
MPCtwo days later-0.38%final price
MPCthree days later-1.58%final price
MPCthree days earlier+0.13%final price
MPCfive days earlier-4.54%final price
OIHthat day+1.55%final price
OIHthe next day+2.34%final price
OIHtwo days later+2.27%final price
OIHthree days later+4.57%final price
OIHthree days earlier+3.73%final price
OIHfive days earlier+3.12%final price
OXYthat day+2.84%final price
OXYthe next day+3.40%final price
OXYtwo days later+3.73%final price
OXYthree days later+3.35%final price
OXYthree days earlier+1.62%final price
OXYfive days earlier-0.95%final price
USOthat day+2.82%final price
USOthe next day+2.25%final price
USOtwo days later+2.14%final price
USOthree days later+1.55%final price
USOthree days earlier-2.69%final price
USOfive days earlier-5.77%final price
VLOthat day+0.06%final price
VLOthe next day-2.52%final price
VLOtwo days later-2.38%final price
VLOthree days later-1.75%final price
VLOthree days earlier+2.69%final price
VLOfive days earlier-2.40%final price
XLEthat day+2.53%final price
XLEthe next day+1.88%final price
XLEtwo days later+2.11%final price
XLEthree days later+2.40%final price
XLEthree days earlier+0.95%final price
XLEfive days earlier-2.22%final price
XOMthat day+2.45%final price
XOMthe next day+2.00%final price
XOMtwo days later+1.81%final price
XOMthree days later+1.92%final price
XOMthree days earlier-0.37%final price
XOMfive days earlier-3.27%final price
XOPthat day+2.84%final price
XOPthe next day+2.34%final price
XOPtwo days later+2.66%final price
XOPthree days later+2.11%final price
XOPthree days earlier+2.53%final price
XOPfive days earlier-1.74%final price
SPY
XLE

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

“Dangote extends refinery share sale to Egypt” scores 12 out of 100. The score uses 1 sources.