Shell's Onshore Oil Field Sale Worth $1.3B in Nigeria Suffers Setback [Yahoo! Finance]
Pedevco Corp. (PED)
NASDAQ:AMEX Investor Relations:
pacificenergydevelopment.com
Company Research
Source: Yahoo! Finance
Shell plc's SHEL deal to sell its onshore Nigerian subsidiary, Shell Petroleum Development Company Ltd ("SPDC"), for $1.3 billion has suffered a setback, with the Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") stating that the future buyer lacked the required qualifications to manage the assets. Overview of SHEL's Divestment Deal SHEL announced its divestment strategy in January 2024, according to which the company had cracked a deal to sell its 15 oil mining leases for onshore and three shallow-water operations, which was held via its Nigerian subsidiary SPDC. The decision to exit was aimed to refocus on more profitable ventures like deep-water offshore fields. However, the deal completion was subject to approvals by the regulatory authorities and certain other conditions, which were recently rejected, citing the Renaissance Group's inability to manage the assets as the reason. The sale agreement stated that there would be a change of ownership only. However, th
Show less
Read more
Impact Snapshot
Event Time:
PED
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
PED 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
PED alerts
High impacting Pedevco Corp. news events
Weekly update
A roundup of the hottest topics
PED
News
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Pedevco Corp. (PED) Earnings Expected to Grow: What to Know Ahead of Q3 Release [Yahoo! Finance]Yahoo! Finance
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Are Investors Undervaluing Pedevco (PED) Right Now? [Yahoo! Finance]Yahoo! Finance
PED
Earnings
- 8/14/24 - In-Line
PED
Sec Filings
- 10/1/24 - Form 8-K
- 9/23/24 - Form EFFECT
- 9/12/24 - Form 8-K
- PED's page on the SEC website