Why These Energy Stocks Are Losing This Week

5. Brooge Energy Limited (NASDAQ:BROG)

Share Price Decline Between June 10 – June 17: 20.7%

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.