Brooge Energy stock analysis
A federal judge in the Central District of California has entered final judgment dismissing PricewaterhouseCoopers Limited Partnership, Dubai Branch, from a securities lawsuit involving Brooge Energy Limited (BROGF), formerly traded on Nasdaq
Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the emirate of Fujairah in the United Arab Emirates. The company operates phase I facility that comprises 14 storage tanks with an aggregate geometric capacity of 399,324 cbm for the storage, heating, and blending of fuel oil and clean petroleum products, including aviation fuel, gas oil, gasoline, marine gas oil, and naphtha. It also provides ancillary services that comprise blending and circulation, heating, throughput, and intertank transfer. The company was formerly known as Brooge Holdings Limited and changed its name to Brooge Energy Limited in April 2020. Brooge Energy Limited was incorporated in 2019 and is headquartered in Fujairah, the United Arab Emirates.
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 3 | 2 |
| Technical Analysis | 1 | 1 | 0 |
| Moving Averages | 8 | 2 | 2 |
