Shell to Sell Sinco Pipeline and Colex Terminal to Edgewater [Yahoo! Finance]
VAALCO Energy, Inc. (EGY)
US:NYSE Investor Relations:
vaalco.com/about-us/governance
Company Research
Source: Yahoo! Finance
stake in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream LLC (Edgewater), Houston, TX-based midstream company. This strategic divestiture is aligned with Shell's ongoing efforts to simplify its portfolio and focus on more value-driven projects with lower emissions. The sale is subject to regulatory approval and expected to be completed in the fourth quarter of 2024, following Shell's previous sale of its equity in Deer Park Refinery. This sale rendered the Sinco pipeline and Colex terminal non-integrated and non-strategic within the company's broader "Powering Progress" strategy. Shell's Strategic Shift Toward Simplification Shell's decision to sell the Sinco pipeline system and Colex terminal is part of a broader strategy aimed at optimizing its portfolio. This move reflects Shell's commitment to delivering more value while reducing its environmental footprint. According to Andrew Smith, Shell's executive vice president of Trading & Supply, "
Show less
Read more
Impact Snapshot
Event Time:
EGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EGY alerts
High impacting VAALCO Energy, Inc. news events
Weekly update
A roundup of the hottest topics
EGY
News
- What To Expect From VAALCO Energy Inc (EGY) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- BW, VAALCO and Panoro sign PSCs for Niosi and Guduma Marin blocks in Gabon [Yahoo! Finance]Yahoo! Finance
- VAALCO Announces Timing of Third Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- VAALCO Announces Timing of Third Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Are Investors Undervaluing Vaalco Energy (EGY) Right Now? [Yahoo! Finance]Yahoo! Finance
EGY
Earnings
- 8/6/24 - Beat
EGY
Sec Filings
- 11/4/24 - Form SC
- 8/12/24 - Form 8-K
- EGY's page on the SEC website