4 Energy Stock Stories To Help Open July Trading

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Royal Dutch Shell (NYSE:RDSA): Closing price $63.99

On Monday, Nigeria’s state oil firm Nigeria LNG said that it had declared force majeure on its exports of liquefied natural gas, due to a blockade by the country’s maritime regulator regarding a tax dispute entering its second week. The blockade has prevented liquefied natural gas tankers from getting to Nigeria LNG’s loading terminal on Bonny Island since the middle of June, and originates from a long-standing squabble over the payment of duties on freight and exports between the company and the Nigerian Maritime Administration and Safety Agency. The firm, which is a joint venture between Nigeria LNG, Royal Dutch Shell, Total, and Eni, said in a statement emailed to The Wall Street Journal that it had declared force majeure effective from Friday.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business