Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Development, Manufacturing, and Deployment of Large- Scale Energy and Energy Related Infrastructure
MemorandumInvestment or subsidySigned 04/20Federal Register 04/23Open the original
Summary
President Trump determines under section 303 of the Defense Production Act that domestic capability to develop, manufacture and deploy large-scale energy infrastructure is essential to national defense and cannot be met in full under existing market conditions.
By industry
- Energy & LNG1 trading day−0.4%p15 stocks5 trading days+0.2%p15 stocks20 trading days+0.7%p15 stocks
“development, manufacturing, and deployment of large-scale energy and energy-related infrastructure”
Day by day after the announcement
| Day | Energy & LNG stocks | S&P 500 |
|---|---|---|
| 26/04/17 | 0.0% | 0.0% |
| 26/04/20 | −0.5% | −0.1% |
| 26/04/21 | −0.1% | −0.5% |
| 26/04/22 | +1.7% | +0.0% |
| 26/04/23 | +1.8% | −0.1% |
| 26/04/24 | +0.7% | +0.5% |
| 26/04/27 | +1.0% | +0.8% |
| 26/04/28 | +2.5% | +0.3% |
| 26/04/29 | +4.6% | +0.4% |
| 26/04/30 | +6.3% | +1.4% |
| 26/05/01 | +5.3% | +1.3% |
| 26/05/04 | +8.0% | +1.1% |
| 26/05/05 | +6.7% | +2.3% |
| 26/05/06 | +1.7% | +3.2% |
| 26/05/07 | +0.4% | +2.9% |
| 26/05/08 | −1.1% | +3.9% |
| 26/05/11 | +0.9% | +4.1% |
| 26/05/12 | +2.5% | +3.8% |
| 26/05/13 | +2.5% | +4.7% |
| 26/05/14 | +3.5% | +5.3% |
| 26/05/15 | +4.6% | +3.9% |
Korean stocks in these industries
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
- Samsung Heavy Industries 010140
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Marcel Teunissen
BuyExpand Energy
BuyExpand Energy
EXE
$192.9K
2,000 sh
$192.9K
Filed 05/07
Traded 05/07
- Jeffrey A. Jewell
BuyDT Midstream
BuyDT Midstream
DTM
$22.2K
150 sh
$22.2K
Filed 05/15
Traded 05/15
- Zach Davis
SellCheniere Energy
SellCheniere Energy
LNG
$8.7M
29,000 sh
$8.7M
Filed 04/01
Traded 03/30
- John Dean Porter
SellWilliams Companies
SellWilliams Companies
WMB
$3.8M
50,000 sh
$3.8M
Filed 05/07
Traded 05/06
- Fory Musser
SellVenture Global
SellVenture Global
VG
$26.2M
2,000,000 sh
$26.2M
Filed 05/15
Traded 05/14
- Anatol Feygin
SellCheniere Energy
SellCheniere Energy
LNG
$8.8M
30,183 sh
$8.8M
Filed 03/30
Traded 03/26
- Brian Cothran
SellVenture Global
SellVenture Global
VG
$7M
473,533 sh
$7M
Filed 05/21
Traded 05/19
- Dennis Degner
SellRange Resources
SellRange Resources
RRC
$693.2K
15,000 sh
$693.2K
Filed 03/31
Traded 03/30
- Sean N. Markowitz
SellCheniere Energy
SellCheniere Energy
LNG
$3.9M
13,436 sh
$3.9M
Filed 03/30
Traded 03/26
- Alan Armstrong
Full saleKinder Morgan
Full saleKinder Morgan
KMI
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
- Anatol Feygin
SellCheniere Energy
SellCheniere Energy
LNG
$3M
10,249 sh
$3M
Filed 03/30
Traded 03/26
- Sean N. Markowitz
SellCheniere Energy
SellCheniere Energy
LNG
$2.6M
8,810 sh
$2.6M
Filed 03/30
Traded 03/26
- Brian Cothran
SellVenture Global
SellVenture Global
VG
$1.8M
120,623 sh
$1.8M
Filed 05/21
Traded 05/20
- Jonathan W. Thayer
Sell10b5-1 planVenture Global
Sell10b5-1 planVenture Global
VG
$1.6M
111,111 sh
$1.6M
Filed 05/19
Traded 05/19
- Yvette K. Schultz
SellAntero Resources
SellAntero Resources
AR
$1.5M
38,941 sh
$1.5M
Filed 05/04
Traded 05/04
- G. Andrea Botta
SellCheniere Energy
SellCheniere Energy
LNG
$1.5M
5,000 sh
$1.5M
Filed 03/30
Traded 03/27
- Jonathan W. Thayer
Sell10b5-1 planVenture Global
Sell10b5-1 planVenture Global
VG
$1.3M
111,111 sh
$1.3M
Filed 04/21
Traded 04/21
- Jonathan W. Thayer
Sell10b5-1 planVenture Global
Sell10b5-1 planVenture Global
VG
$1.3M
111,112 sh
$1.3M
Filed 04/21
Traded 04/20
- Jonathan W. Thayer
Sell10b5-1 planVenture Global
Sell10b5-1 planVenture Global
VG
$1.2M
86,528 sh
$1.2M
Filed 05/19
Traded 05/18
- William N. Thorndike Jr.
SellCNX Resources
SellCNX Resources
CNX
$1.1M
28,800 sh
$1.1M
Filed 05/06
Traded 05/04