Zero-Based Regulatory Budgeting To Unleash American Energy

Executive orderRegulation easedSigned 25/04/09Federal Register 25/04/15Executive Order 14270Open the original

Summary

President Trump directs energy-related agencies to add sunset provisions to their energy production regulations so that the rules are periodically reexamined, noting that the Code of Federal Regulations approaches 200,000 pages.

By industry

Energy & LNG1 trading day−2.5%p15 stocks5 trading days−0.7%p15 stocks20 trading days+0.5%p15 stocks
“incorporate a sunset provision into their regulations governing energy production”

Day by day after the announcement

Energy & LNG stocks and the S&P 500 after the announcement, cumulative %
Day	Energy & LNG stocks	S&P 500
25/04/08	0.0%	0.0%
25/04/09	+7.5%	+10.1%
25/04/10	+2.4%	+5.5%
25/04/11	+5.7%	+7.6%
25/04/14	+7.0%	+8.2%
25/04/15	+7.2%	+7.9%
25/04/16	+8.7%	+5.9%
25/04/17	+9.7%	+6.5%
25/04/21	+4.5%	+3.6%
25/04/22	+5.9%	+8.2%
25/04/23	+7.9%	+8.3%
25/04/24	+9.0%	+10.7%
25/04/25	+8.8%	+11.1%
25/04/28	+10.4%	+10.9%
25/04/29	+10.6%	+11.5%
25/04/30	+7.4%	+12.6%
25/05/01	+8.4%	+12.4%
25/05/02	+11.5%	+14.3%
25/05/05	+11.1%	+13.6%
25/05/06	+11.3%	+13.6%
25/05/07	+13.6%	+13.1%

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.

Pablo FerreroDirector
BuySempra
Buy
Sempra
SRE
$184.5K
2,600 sh
$184.5K
Filed 25/03/17
Traded 25/03/17
Andres ConesaDirector
BuySempra
Buy
Sempra
SRE
$100.2K
1,400 sh
$100.2K
Filed 25/03/17
Traded 25/03/17
J. Palmer ClarksonDirector
BuyCNX Resources
Buy
CNX Resources
CNX
$312K
10,000 sh
$312K
Filed 25/05/13
Traded 25/05/12
Jeffrey A. JewellExecutive V.P., CFO
BuyDT Midstream
Buy
DT Midstream
DTM
$6,510
65 sh
$6,510
Filed 25/05/09
Traded 25/05/09
Mark ScucchiEVP & CFO
SellRange Resources
Sell
Range Resources
RRC
$2.4M
59,994 sh
$2.4M
Filed 25/03/20
Traded 25/03/20
W. Howard Keenan Jr.Director
SellAntero Resources
Sell
Antero Resources
AR
$23.7M
583,189 sh
$23.7M
Filed 25/05/15
Traded 25/05/13
W. Howard Keenan Jr.Director
SellAntero Resources
Sell
Antero Resources
AR
$19.7M
478,798 sh
$19.7M
Filed 25/05/15
Traded 25/05/13
Mark ScucchiEVP & CFO
SellRange Resources
Sell
Range Resources
RRC
$1.8M
45,142 sh
$1.8M
Filed 25/03/20
Traded 25/03/20
Dennis DegnerCEO & Pres
SellRange Resources
Sell
Range Resources
RRC
$1.4M
35,850 sh
$1.4M
Filed 25/05/15
Traded 25/05/14
Jeremy KnopCFO
SellEQT
Sell
EQT
EQT
$368K
7,216 sh
$368K
Filed 25/04/30
Traded 25/04/28
W. Howard Keenan Jr.Director
SellAntero Resources
Sell
Antero Resources
AR
$1.5M
38,013 sh
$1.5M
Filed 25/05/15
Traded 25/05/14
Sheri PearceSEE REMARKS
SellAntero Resources
Sell
Antero Resources
AR
$520.8K
12,647 sh
$520.8K
Filed 25/05/14
Traded 25/05/13
Ashley KavanaughVP, Principal Accting Officer
SellRange Resources
Sell
Range Resources
RRC
$502.3K
12,880 sh
$502.3K
Filed 25/05/14
Traded 25/05/12
James M. FunkDirector
SellRange Resources
Sell
Range Resources
RRC
$475.8K
13,582 sh
$475.8K
Filed 25/05/08
Traded 25/05/06
Greg G. MaxwellDirector
SellRange Resources
Sell
Range Resources
RRC
$421.4K
10,374 sh
$421.4K
Filed 25/05/15
Traded 25/05/13
Erin W. McDowellSVP & General Counsel
SellRange Resources
Sell
Range Resources
RRC
$388.7K
9,568 sh
$388.7K
Filed 25/05/15
Traded 25/05/13
Peter R. WallSVP, Controller and CAO
Sell10b5-1 planSempra
Sell10b5-1 plan
Sempra
SRE
$580.1K
8,192 sh
$580.1K
Filed 25/03/18
Traded 25/03/18
Thomas A. MartinPresident
Sell10b5-1 planKinder Morgan
Sell10b5-1 plan
Kinder Morgan
KMI
$517.5K
18,000 sh
$517.5K
Filed 25/04/03
Traded 25/04/02
Thomas A. MartinPresident
Sell10b5-1 planKinder Morgan
Sell10b5-1 plan
Kinder Morgan
KMI
$496.3K
18,000 sh
$496.3K
Filed 25/05/08
Traded 25/05/07
Diana L. DayChief Legal Counsel
Sell10b5-1 planSempra
Sell10b5-1 plan
Sempra
SRE
$386K
5,217 sh
$386K
Filed 25/05/14
Traded 25/05/14