Latest news with #BroogePetroleum
Yahoo
4 days ago
- Business
- Yahoo
Here is Why Brooge Energy (BROG) Crashed This Week
The share price of Brooge Energy Limited (NASDAQ:BROG) fell by 20.7% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. A huge refinery and oil storage facility with high automated machinery for blending and circulation. Brooge Energy Limited (NASDAQ:BROG) is the parent company of Brooge Petroleum and Gas Investment Company FZE, which operates as a midstream oil storage and service provider out of the Emirate of Fujairah in the United Arab Emirates. After a slight pullback, Brooge Energy Limited (NASDAQ:BROG) again plunged this week following the company's announcement that it will voluntarily delist from NASDAQ by mid-June, with no intentions to list its shares on any other securities exchange. Brooge expects the last day of quotation of its shares on NASDAQ to be on or around June 19, 2025. The company's decision to delist was based on a careful review of numerous factors, including the lack of an active trading market for its securities, the resources and expenses associated with maintaining SEC and Nasdaq reporting requirements, and the related regulatory burdens that have led to significant operating expense and attention of the company's management team. While we acknowledge the potential of BROG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
30-05-2025
- Business
- Zawya
VIDEO: Dubai's GulfNav, Brooge Energy sign $871mln acquisition deal
The deal is for the sale of the assets and subsidiaries of Brooge, including Brooge Petroleum and Gas Investment Company FZE, and Brooge Petroleum and Gas Investment Company Phase III FZE. Watch the Zawya video here:
