Other Energy Stocks Are Surging After the Huge Shell-BG Deal

Big day for European energy companies

Will Shell’s $70B BG Deal Set Oil M&A in Motion?

After the news that Royal Dutch Shell has agreed to buy BG Group Plc in the biggest oil and gas deal in at least a decade (valued at $70 billion), BG and other energy names in Europe are following suit as pressure may rise on other firms to consolidate.

First, here's a three-day chart of BG Group, which is up massively today:

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The Stoxx 600 Oil & Gas (Price) Index is moving higher in early trading, leading the broader Stoxx 600 to a new record. Here are some three-day charts of a few notable winners. 

Tullow Oil is shooting higher, up more than 10 percent at one point. The company has previously been called a perennial takeover target.

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Another name moving higher is Genel Energy, the oil producer led by former BP Plc chief Tony Hayward. Shares are up more than 6 percent since yesterday's close. 

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Ophir Energy, another potential takeover target, is trading higher by more than 10 percent since yesterday. 

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