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Stock impact report

NextDecade (NEXT) Soars 27% on LNG Crisis [Yahoo! Finance]

NextDecade Corporation (NEXT) 
US:NASDAQ Investor Relations: next-decade.com/investors
Company Research Source: Yahoo! Finance
NextDecade saw its share prices jump by 27 percent week-on-week, on strong investor appetite for energy companies that are expected to largely benefit from the ongoing tensions in the Middle East. The stock rallied alongside its counterparts in the liquefied natural gas (LNG) industry amid ongoing supply disruptions and higher natural gas prices, triggered by the US and Israel's ongoing war on Iran. NextDecade Photo from NextDecade Corp.'s website In the past trading week, a missile struck a major gas hub facility in Qatar, which accounts for a fifth of the world's LNG supply. Economists estimate the attack to result in $20 billion in lost revenues annually, and that even if tensions ease, it would take at least five years to fully repair the damaged facility. Sentiment for NextDecade Corp. (NASDAQ:NEXT), however, turned more optimistic on expectations of higher profit margins, with industries projected to look elsewhere for their LNG supplies. NextDecade Corp. (NASDAQ:NE Show less Read more
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