|Bid||2,061.00 x 216300|
|Ask||2,064.50 x 249300|
|Day's Range||2,056.00 - 2,088.50|
|52 Week Range||1,791.00 - 2,295.50|
|PE Ratio (TTM)||-6,714.98|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A joint venture between ExxonMobil Corporation (XOM) and Royal Dutch Shell plc (RDS.A) announced that it is going to oppose a plan of the government of Netherlands to lower production cap at the Groningen natural gas field by another 10%.
The Zacks Analyst Blog Highlights: ExxonMobil, General Motors, Unilever, Johnson & Johnson and PepsiCo
Much of the increase in LNG capacity is because of the rapid boost to plants in Australia and the United States, as both countries take advantage of abundant local reserves of natural gas to muscle in on a market that until recently had been dominated by a few established producers and buyers. This is because Europe is likely to act as a "clearing house" for surplus LNG cargoes, given it has excess re-gasification capacity and the ability to use the fuel for a variety of purposes, from power generation to manufacturing to household heating. Europe is also the only region that can effectively arbitrage between LNG and pipeline prices, given its connection to Russian and other Eastern natural gas via pipelines.