Geopolitics Alpha

Edison: QatarEnergy extends force majeure until the end of December

Published . Updated .

Edison: QatarEnergy extends force majeure until the end of December

Edison has received a further notice from QatarEnergy indicating the continuation of the force majeure event which prevents the seller from fulfilling its contractual obligations for gas deliveries in Italy.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-7.0% 30d

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

  • XLE Energy Select Sector SPDR+6.5% 30d

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

  • EWI iShares MSCI Italy ETF-7.0% 11d

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

  • LNG Cheniere Energy+11.9% 30d

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

  • EQT Eqt+5.8% 30d

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

  • KMI Kinder Morgan+4.2% 7d

    Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.

  • WMB The Williams Companies

    The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
UNGNo price data for this ticker———————
XLE-0.12%+1.60%baseafter closeafter closeafter closeafter close
EWINo price data for this ticker———————
LNGNo price data for this ticker———————
EQTNo price data for this ticker———————
KMINo price data for this ticker———————
WMBNo 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

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Edison: QatarEnergy extends force majeure until the end of December LNG Industry

Source: LNG Industry

Energy

CompanyWhenMoveStatus
XLEthree days earlier+1.60%final price
XLEfive days earlier-0.12%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

“Edison: QatarEnergy extends force majeure until the end of December” scores 12 out of 100. The score uses 1 sources.