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Stock impact report

NextDecade (NXT) Slashes 7.5% on Energy Decline [Yahoo! Finance]

NextDecade Corporation (NEXT) 
US:NASDAQ Investor Relations: next-decade.com/investors
Company Research Source: Yahoo! Finance
NextDecade ended three straight days of losses on Wednesday, losing 7.55 percent to close at $8.08, as investors unloaded positions in energy companies amid the US and Iran's two-week ceasefire. NextDecade Corp. (NASDAQ:NEXT) dropped alongside its counterparts, including Venture Global, following President Donald Trump's announcement that the US and Iran have agreed to a two-week ceasefire on condition of the latter reopening the Strait of Hormuz. NextDecade Photo from NextDecade Corp.'s website The news, however, dampened sentiment for oil and gas companies, having benefited for weeks from the tensions that sparked surging prices for their commodities. On the same day, prices of natural gas fell to $2.7025/MMBtu, with a potential to drop lower if the ceasefire stays, according to Oxford Economics lead US economist Bernard Yaros. "But again, it's going to really depend on the global energy market's perception of the safety of going through the Strait of Hormuz,” he noted. Show less Read more
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